https://www.taxtmi.com/caselaws?id=778882 ITAT held the reassessment initiated u/s.147 invalid because the AO relied on unspecified "information" from an insight portal without furnishing particulars or correlating it to the assessee's trading; objections by the assessee went unanswered and requisite disclosure and inquiry were not made. Additions u/s.68 were deleted as the assessee produced demat records, market purchase/sale details and other documents which the AO did not disprove or examine in the assessment order. Appeal was allowed and the additions sustained in favour of the assessee. en-us Thu, 04 Sep 2025 00:00:00 +0530 Wed, 24 Sep 2025 08:08:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778882 ITAT held the reassessment initiated u/s.147 invalid because the AO relied on unspecified "information" from an insight portal without furnishing particulars or correlating it to the assessee's trading; objections by the assessee went unanswered and requisite disclosure and inquiry were not made. Additions u/s.68 were deleted as the assessee produced demat records, market purchase/sale details and other documents which the AO did not disprove or examine in the assessment order. Appeal was allowed and the additions sustained in favour of the assessee. Case-Laws Income Tax Thu, 04 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778882