Section 147 Reassessment justified for Cash Deposit in Bank but not disclosed in ROI

Pillu Ram Sahal v. ITO (ITAT Jaipur)

The issue under consideration is whether the re-opening of assessement u/s 147 is justified in law?

ITAT states that, in the instant case, the AO has found out the facts of deposit of cash of Rs. 14.00 lacs in the bank account of the assessee and no return of income has been filed by the assessee for the year under consideration. Thus this very fact of deposit of cash of Rs. 14.00 lacs and not filing of the return of income by the asses

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