https://www.taxtmi.com/caselaws?id=782438 ITAT Delhi (AT) held that the reopening of assessment u/s 147 was invalid. The AO failed to dispose of the assessee's objections dated 19/12/2018, rendering the reassessment order unsustainable. Further, the recorded reasons did not demonstrate a clear and direct nexus between the alleged discrepancies in transactions and any escapement of income, making the belief of escapement speculative. In absence of a legally sustainable "reason to believe," the reopening could not be justified. Consequently, the reassessment and the addition made as commission income were quashed, and the assessee's ground was allowed. en-us Wed, 26 Nov 2025 00:00:00 +0530 Thu, 27 Nov 2025 15:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782438 ITAT Delhi (AT) held that the reopening of assessment u/s 147 was invalid. The AO failed to dispose of the assessee's objections dated 19/12/2018, rendering the reassessment order unsustainable. Further, the recorded reasons did not demonstrate a clear and direct nexus between the alleged discrepancies in transactions and any escapement of income, making the belief of escapement speculative. In absence of a legally sustainable "reason to believe," the reopening could not be justified. Consequently, the reassessment and the addition made as commission income were quashed, and the assessee's ground was allowed. Case-Laws Income Tax Wed, 26 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782438