https://www.taxtmi.com/caselaws?id=800961 Reassessment remained valid because the challenge lacked support from the recorded reopening reasons or the approval for reopening. Cash deposits could not be accepted as business receipts without supporting evidence for the claimed cosmetics and confectionery sales. However, the deposits were followed by cash withdrawals and cheque payments whose destinations were not examined. Given the depositor's status, absence of books, scale of deposits and passage of time, income from the deposits was confined to a lump-sum amount inclusive of returned income, and the remaining addition was deleted. en-us Mon, 12 Oct 2026 00:00:00 +0530 Wed, 14 Oct 2026 06:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800961 Reassessment remained valid because the challenge lacked support from the recorded reopening reasons or the approval for reopening. Cash deposits could not be accepted as business receipts without supporting evidence for the claimed cosmetics and confectionery sales. However, the deposits were followed by cash withdrawals and cheque payments whose destinations were not examined. Given the depositor's status, absence of books, scale of deposits and passage of time, income from the deposits was confined to a lump-sum amount inclusive of returned income, and the remaining addition was deleted. Case-Laws Income Tax Mon, 12 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800961