https://www.taxtmi.com/caselaws?id=787474 Reopening of assessment was analysed on the basis of investigative and regulatory materials and held to meet the statutory threshold for issuing a notice under section 148/147, with reassessment sustained. The addition treating sale proceeds as unexplained credit was upheld because the taxpayer failed to discharge the evidentiary burden: preferential allotment records, contract notes beyond broker entries, demat entitlement records and other corroborative documents were not produced. Operatively, reassessment and an addition under the unexplained credit principle were sustained for lack of substantive documentary proof, resulting in dismissal of the taxpayer's challenge. en-us Fri, 27 Feb 2026 00:00:00 +0530 Fri, 06 Mar 2026 08:30:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787474 Reopening of assessment was analysed on the basis of investigative and regulatory materials and held to meet the statutory threshold for issuing a notice under section 148/147, with reassessment sustained. The addition treating sale proceeds as unexplained credit was upheld because the taxpayer failed to discharge the evidentiary burden: preferential allotment records, contract notes beyond broker entries, demat entitlement records and other corroborative documents were not produced. Operatively, reassessment and an addition under the unexplained credit principle were sustained for lack of substantive documentary proof, resulting in dismissal of the taxpayer's challenge. Case-Laws Income Tax Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787474