Case Law Details
Case Name : Sandip Kailasappa Lakade Vs ITO (ITAT Pune)
Related Assessment Year : 2016-17
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Sandip Kailasappa Lakade Vs ITO (ITAT Pune)
Reassessment Beyond 3 Years Upheld Where Escapement Exceeded ₹50 Lakh — Cash Deposits Taxed u/s 69A
The Pune ITAT (B Bench) dismissed the assessee’s appeal for AY 2016-17 and upheld the validity of reassessment under sections 147/148, holding that the case fell within the extended limitation period since the escaped income exceeded ₹50 lakh. The assessment was re
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