Income Tax Reopening Over Rs. 1.59 Crore Cash Deposits Dropped After PAN Found Wrongly Linked; No Addition Made

HomeDirect TaxIncome Tax Reopening Over Rs. 1.59 Crore Cash Deposits Dropped After PAN...

Income Tax Reopening Over Rs. 1.59 Crore Cash Deposits Dropped After PAN Found Wrongly Linked; No Addition Made

Direct Tax Top Stories

Published on

25/02/2026

By Mariya Paliwala

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Income Tax Department has dropped reassessment proceedings initiated against an individual assessee for Assessment Year (AY) 2018-19 after accepting his explanation that his Permanent Account Number (PAN) had been wrongly linked to a bank account reflecting high-value cash transactions. The assessment was completed under Section 147 read with Section 144B of the Income-tax Act,…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here

Mariya Paliwala https://www.jurishour.in/

Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Tags
Income Tax Reopening

Income Tax Reopening Over Rs. 1.59 Crore Cash Deposits Dropped After PAN Found Wrongly Linked; No Addition Made

Membership Required

Latest articles

Supreme Court Steps In to Secure Decades-Old Workmen Dues in Jaipur Udyog Case, Flags Irregular Asset Sales and Invokes Article 142 Powers

Demand of Bribe Can Be Proved Despite Hostile Witness if Credible Evidence Exists: Supreme Court

Refund Claim Time-Barred Despite Duty Reduction: CESTAT Rules Limitation Runs from First Appellate Order

No Double Recovery If Credit Already Reversed, Verification Ordered: CESTAT Remands EC & SHEC Refund Dispute

More like this

Supreme Court Steps In to Secure Decades-Old Workmen Dues in Jaipur Udyog Case, Flags Irregular Asset Sales and Invokes Article 142 Powers

Demand of Bribe Can Be Proved Despite Hostile Witness if Credible Evidence Exists: Supreme Court

Refund Claim Time-Barred Despite Duty Reduction: CESTAT Rules Limitation Runs from First Appellate Order

About us

Company

Categories