https://www.taxtmi.com/caselaws?id=471818 Fresh scrutiny notice under section 143(2) is mandatory after a return is filed in response to section 148; a notice issued earlier cannot meet that requirement, rendering reassessment void for jurisdictional defect. Unsecured loans supported by lender confirmations, tax returns, audited accounts and bank statements satisfy the tests of identity, creditworthiness and genuineness where received and repaid through banking channels. An addition for unexplained cash credits cannot rest solely on investigation reports or third-party statements without lender inquiry, defects in records, corroborative material, disclosure of material, or an opportunity for cross-examination. en-us Tue, 09 Sep 2025 00:00:00 +0530 Sat, 19 Sep 2026 08:22:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471818 Fresh scrutiny notice under section 143(2) is mandatory after a return is filed in response to section 148; a notice issued earlier cannot meet that requirement, rendering reassessment void for jurisdictional defect. Unsecured loans supported by lender confirmations, tax returns, audited accounts and bank statements satisfy the tests of identity, creditworthiness and genuineness where received and repaid through banking channels. An addition for unexplained cash credits cannot rest solely on investigation reports or third-party statements without lender inquiry, defects in records, corroborative material, disclosure of material, or an opportunity for cross-examination. Case-Laws Income Tax Tue, 09 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471818