https://www.taxtmi.com/caselaws?id=786940 Assessment under Section 143(3) and penalty under Section 271AAD(1)(i) were quashed and remitted for fresh adjudication because the petitioner failed to obtain seized documents within prescribed time and sought cross-examination belatedly without identifying the persons whose statements were relied upon; the assessing standard applied was preponderance of probabilities. The petitioner is allowed an opportunity to apply for relevant documents, file a composite reply and be heard, subject to a conditional pre-deposit of 25,00,000 before de novo proceedings; non-compliance permits action under Section 144. en-us Mon, 02 Feb 2026 00:00:00 +0530 Mon, 23 Feb 2026 07:38:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786940 Assessment under Section 143(3) and penalty under Section 271AAD(1)(i) were quashed and remitted for fresh adjudication because the petitioner failed to obtain seized documents within prescribed time and sought cross-examination belatedly without identifying the persons whose statements were relied upon; the assessing standard applied was preponderance of probabilities. The petitioner is allowed an opportunity to apply for relevant documents, file a composite reply and be heard, subject to a conditional pre-deposit of 25,00,000 before de novo proceedings; non-compliance permits action under Section 144. Case-Laws Income Tax Mon, 02 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786940