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1 result for “reassessment u/s 147”+ Demonetizationclear

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Key Topics

Section 143(3)4Section 1472

MITHILESH JAGDEO SINGH PAWAR,AMRAVATI vs. ITO WARD-5, AMRAVATI

ITA 70/NAG/2025[2017-18]Status: DisposedITAT Nagpur18 Sept 2025AY 2017-18

Bench: Shri Narender Kumar Choudhryassessment Year: 2017-18 Mr. Mithilesh Jagdeo Singh Ito Ward-5 Pawar, Besides Dps, Vs. Ghatladki, Chandur Bazar, Saturna Road, Maharashtra - 444720. Maharashtra - 444605. Pan: Bpfpp6167L (Appellant) (Respondent) Present For: Assessee By : Ms. Mrudul Bhusari, Ld. Adv {Ld. Amicus Curie} Revenue By : Shri Surjit Kumar Saha, Ld. Sr. Dr Date Of Hearing : 26.06.2025 Date Of Pronouncement : 09.2025 O R D E R Per : Narender Kumar Choudhry:

For Appellant: Ms. Mrudul Bhusari, Ld. AdvFor Respondent: Shri Surjit Kumar Saha, Ld. Sr. DR
Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 147Section 148Section 2(40)Section 250Section 69A

demonetization period but had not shown the details of cash deposits accurately in the return of income. Thus, the source of cash deposits of Rs.16,43,600/- remained unexplained. 5. On the aforesaid information, the case of the Assessee was reopened u/s 147 of the Act by issuing a notice dated 31.03.2021 u/s 148 of the Act. The Assessee before