Reopening u/s 148 permissible in case of receipt of huge cash deposit vis-à-vis non-filing of ROI

Vanditbhai Rajendrakumar Patel Vs ITO (ITAT Ahmedabad)

Facts- The brief facts of the case were that as per AIR information, the Ld. Assessing Officer came know that the assessee had received cash deposits of Rs. 25,21,100/-in saving bank account maintained with Corporation Bank. To verify cash deposits, letter dated 10-02-2017 was served on the assessee, which remained uncompiled with. Accordingly, the Ld. Assessing Officer issued 148 notice to initiate re-assessment proceedings. The Ld. Assessing Officer se

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