https://www.taxtmi.com/caselaws?id=782532 ITAT Delhi-AT allowed the assessee's appeal, quashing the reassessment under s.147. The AO reopened the assessment to examine the alleged unexplained source of investment in shares based on Investigation Wing information. The assessee had disclosed the share investment in its balance sheet and ITR, and the purchase was through banking channels. However, no addition was ultimately made on the stated reason; instead, addition was made under s.56(vii) as deemed income. Relying on Ranbaxy Laboratories (Del HC), ITAT held such reassessment beyond jurisdiction and invalid. en-us Fri, 28 Nov 2025 00:00:00 +0530 Mon, 01 Dec 2025 08:50:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782532 ITAT Delhi-AT allowed the assessee's appeal, quashing the reassessment under s.147. The AO reopened the assessment to examine the alleged unexplained source of investment in shares based on Investigation Wing information. The assessee had disclosed the share investment in its balance sheet and ITR, and the purchase was through banking channels. However, no addition was ultimately made on the stated reason; instead, addition was made under s.56(vii) as deemed income. Relying on Ranbaxy Laboratories (Del HC), ITAT held such reassessment beyond jurisdiction and invalid. Case-Laws Income Tax Fri, 28 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782532