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Income Tax | Reopened for a Car, Taxed for Cash Deposits: Karnataka Precedent Keeps Reassessment Alive

24 Sept 2026 · 3d agoBy CA Vijayakumar ShettySource: TaxGuru

ITAT Bangalore upheld reassessment jurisdiction but remanded ₹32.87 lakh cash deposit addition for fresh examination of cash book and business. The post Reopened for a Car, Taxed for Cash Deposits: Karnataka Precedent Keeps Reassessment Alive appeared first on TaxGuru .

Attribution

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

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