Dismissing the petition the Court held although assessee had filed his return for relevant assessment year, however, he did not dispute fact that he had deposited cash amount in bank account. Accordingly the reopening notice under section 148 was justified. Review petition is dismissed. (AY. 2012-13)
Ramakant v. ITO (2023) 333 CTR 786 (Dehi) ( HC) Editorial : Ramakant v. ITO (2023) 333 CTR 791/294 Taxman 48 / 228 DTR 206 (Dehi) ( HC)
S.147: Reassessment-After the expiry of four years-Cash credits-Search-Deposit of cash in bank-No scrutiny assessment was done-Reassessment notice is held to be justified-Review petition is dismissed [S. 68, 143(1), 147, Art. 226]