https://www.taxtmi.com/caselaws?id=780299 ITAT held that reopening based solely on a DDIT (Inv.) report alleging bogus LTCG was unjustified where the assessee had no transactions in the implicated script and the AO conducted no independent inquiry. The Tribunal found the reassessment rested on surmise and conjecture without nexus to escapement of income, declared the reopening bad in law, quashed the reassessment, and allowed the assessee's appeal. en-us Fri, 26 Sep 2025 00:00:00 +0530 Tue, 28 Oct 2025 08:33:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780299 ITAT held that reopening based solely on a DDIT (Inv.) report alleging bogus LTCG was unjustified where the assessee had no transactions in the implicated script and the AO conducted no independent inquiry. The Tribunal found the reassessment rested on surmise and conjecture without nexus to escapement of income, declared the reopening bad in law, quashed the reassessment, and allowed the assessee's appeal. Case-Laws Income Tax Fri, 26 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780299