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2018 (5) TMI 902 - HC - Income TaxUnexplained money in the bank accounts of the assessee - addition relying upon the brought forward balance for the subsequent assessment year based on the closing cash on hand of the preceding assessment year - Held that:- Adjudication on the opening cash in the subsequent assessment year would not arise. If the opening cash in hand is to be modified considering the arguments of the Revenue, it would certainly have an impact on the closing cash in hand of the preceding assessment year, which has attained finality. The issue which has reached finality cannot be reopened in the guise of the arguments now advanced by the Revenue. Tribunal rejected the appeals filed by the Revenue. No infirmity or irregularity is found in the order of the Tribunal. Hence, we answer the substantial question of law against the Revenue and in favour of the assessee.
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