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2023 (8) TMI 1283 - MADRAS HIGH COURTReopening of assessment u/s 147 - reason to believe - petitioner has stated that the total deposit in cash that was made by the petitioner was only for INR 21,65,000 as against INR 65,02,546 between 01-04-2015 and 31-03- 2016 - HELD THAT:- As considered the arguments advanced by petitioner and the learned Senior Standing Counsel for the respondent, there is no case made out for interfering with the impugned order. The entries in the bank account that has been filed along with the reply on 16.03.2023 indicates that the petitioner has not only received Rs. 31,80,200/- in cheque but also additionally a sum of Rs. 21,65,000/- in the account. Thus, the proceedings that has been initiated so far, which has been culminated in the impugned Assessment Order and Notice u/s 148 cannot be interfered with. WP dismissed.
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