TaxTMI 
TaxTMI 
2026 (10) TMI 274
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.... the Assessee against the order of CIT(A)/Addl./JCIT(A)-9, Mumbai dated 05.02.2026, for Assessment Year 2012- 13. 2. Shri Amit Aggarwal, appearing on behalf of the assessee submits that the assessee in appeal has assailed the addition of Rs. 13,50,000/- made by AO on account of unexplained money. The AO re-opened the assessment based on information available with the department that the assesse....
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.... assessee. 4. Both sides heard. Orders of the lower authorities examined. The case of the assessee was reopened on the basis of information available with the department that the assessee has received interest payment of Rs. 17,78,541/- during F.Y. 2011-12 i.e. relevant to A.Y. 2012-13 under appeal. During the course of assessment proceedings, it transpires that the assessee had deposited cash ....
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....ent order, it emanates that case of the assessee has reopened for the reason that the assessee was received interest of Rs. 17,78,541/- during the F.Y. 2011-12. However, no addition has been made by the AO on the reason recorded for reopening. The addition of Rs. 13,00,000/- has been made in respect of alleged unexplained cash credits in the bank account of the assessee. It is no more res integra ....