https://www.taxtmi.com/caselaws?id=784369 Reassessment was challenged on the validity of the AO's "reasons to believe" under the live-link standard. The recorded reasons contained internal contradictions: the AO stated the assessee had not filed a return for the year, yet also asserted that the "income declared" did not match cash deposits, showing uncertainty on a foundational fact; consequently, the belief was not based on coherent, reliable premises and reassessment was invalidated. The AO further relied solely on AIR cash-deposit information without any independent analysis or tangible material connecting the deposits to undisclosed income, rendering the reasons vague and lacking a rational nexus; accordingly, the assessee's ground was allowed and the reassessment was quashed. en-us Fri, 19 Dec 2025 00:00:00 +0530 Sat, 03 Jan 2026 08:03:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784369 Reassessment was challenged on the validity of the AO's "reasons to believe" under the live-link standard. The recorded reasons contained internal contradictions: the AO stated the assessee had not filed a return for the year, yet also asserted that the "income declared" did not match cash deposits, showing uncertainty on a foundational fact; consequently, the belief was not based on coherent, reliable premises and reassessment was invalidated. The AO further relied solely on AIR cash-deposit information without any independent analysis or tangible material connecting the deposits to undisclosed income, rendering the reasons vague and lacking a rational nexus; accordingly, the assessee's ground was allowed and the reassessment was quashed. Case-Laws Income Tax Fri, 19 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784369