No second reopening for unexplained credits in bank due to bank’s name change
September 23, 2026
High Courts, Income Tax
Information of deposits in bank did not constitute fresh information necessitating second reopening due to change in bank name In a recent judgment, Hon’ble High Court quashed the notice u/s 148A as the information flagged by RMS regarding unexplained credits in bank did not constitute fresh information necessitating …