ITAT upholds Reopening of Income Tax Assessment: grants partial relief w.r.t. unexplained cash deposits [Read Order]

The ITAT bench observed that it could find any infirmity in the reopening of the case of the appellant as there was due application of mind.
Income Tax - Income Tax Assessment - Income Tax Assessment Reopening - unexplained cash deposits - Income Tax Appellate Tribunal - taxscan

The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) partly allowed the appeal and upheld the reopening of income tax assessment as there was due application of mind.  In this case, the assessee, Smt. Pozhaniappan Malliga had deposited an amount of Rs. 14,45,000 in her savings bank account. The Income Tax Returns…

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