Corporate TaxArticle·22 April 2026
Reopening And Identity Dispute
By J the App
Executive Summary
ITAT held that mere variation in name (Jain vs. Jolapure) does not invalidate reassessment when identity is otherwise established through PAN, KYC, and evidence.
The assessee failed to explain the source of deposits and inconsistently disowned earlier representations, leading to confirmation of additions.
Issues for Determination
1. Whether reassessment under Section 147/148 is valid where identity of assessee is disputed....
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