https://www.taxtmi.com/caselaws?id=786730 Reassessment initiated under provisions for reopening assessments relied on stock-exchange transaction data and alleged accommodation entries; the final order relied on findings not specifically confronted in the reassessment reasons or in fresh opportunity notices. The assessee consistently denied trading in the cited scrips and sought to file explanations and audited accounts, but was not afforded a detailed opportunity to respond to the specific material relied upon. Due to divergence between reasons for reopening and operative findings, the impugned assessment was quashed and the matter remitted for fresh adjudication after permitting a comprehensive reply and production of documents. en-us Tue, 27 Jan 2026 00:00:00 +0530 Wed, 18 Feb 2026 08:12:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786730 Reassessment initiated under provisions for reopening assessments relied on stock-exchange transaction data and alleged accommodation entries; the final order relied on findings not specifically confronted in the reassessment reasons or in fresh opportunity notices. The assessee consistently denied trading in the cited scrips and sought to file explanations and audited accounts, but was not afforded a detailed opportunity to respond to the specific material relied upon. Due to divergence between reasons for reopening and operative findings, the impugned assessment was quashed and the matter remitted for fresh adjudication after permitting a comprehensive reply and production of documents. Case-Laws Income Tax Tue, 27 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786730