Reopening Validated: Dual PANs & Huge Cash Deposits Are Tangible Material

Kajal Batra Vs ACIT (ITAT Delhi) Tax Reopening Within 4 Years: Prima Facie Belief Justified by Undisclosed Accounts; Demonetisation Deposits Scrutiny: “Sufficiency of Material” Not Relevant for Reopening; Undisclosed Bank Account Deposits: Valid Reason for Reassessment Initiation; Sufficiency of Material Not Relevant at Reopening Stage – Reopening within Four Years Justified for Dual PANs & Huge Demonetisation Cash Deposits- Prima Facie Belief Enough for Reopening Assessee, an individual, challenged the reassessment order u/s 147 r.w.s. 144 framed for AY 2017-18. The re...