https://www.taxtmi.com/caselaws?id=57748 Reassessment under section 148 was accepted for credits of Rs. 1,00,000 and Rs. 3,08,000 because the original processing had not examined whether the remittances were genuine and the Tribunal treated escapement as a proper basis for reopening. The additions, however, were deleted: the first two credits were found covered by the Voluntary Deposits (Immunities & Exemptions) scheme, so the Revenue could not insist on proving their source, and the addition of Rs. 1,42,800 based on a third party's statement failed because no cross-examination was allowed and the statement did not specifically implicate the assessee. The Tribunal thus gave the assessee relief on the merits. en-us Wed, 31 Jul 1996 00:00:00 +0530 Mon, 13 Dec 2010 12:26:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57748 Reassessment under section 148 was accepted for credits of Rs. 1,00,000 and Rs. 3,08,000 because the original processing had not examined whether the remittances were genuine and the Tribunal treated escapement as a proper basis for reopening. The additions, however, were deleted: the first two credits were found covered by the Voluntary Deposits (Immunities & Exemptions) scheme, so the Revenue could not insist on proving their source, and the addition of Rs. 1,42,800 based on a third party's statement failed because no cross-examination was allowed and the statement did not specifically implicate the assessee. The Tribunal thus gave the assessee relief on the merits. Case-Laws Income Tax Wed, 31 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57748