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Income Tax | ₹7.44 Crore Bank Credits and Debits Cannot Alone Justify Reassessment: Bombay HC

14 Oct 2026 · 2d agoBy CA Sandeep KanoiSource: TaxGuru

Bombay HC quashes Section 148 notice based on ₹7.44 crore bank credits and debits, finding no demonstrated escapement of income. The post ₹7.44 Crore Bank Credits and Debits Cannot Alone Justify Reassessment: Bombay HC appeared first on TaxGuru .

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Original credit: CA Sandeep Kanoi. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

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