https://www.taxtmi.com/caselaws?id=790120 Reassessment was invalid because the recorded reasons referred to share capital from one entity, while the addition was made in respect of funds received from another company. The reassessment records showed no independent application of mind by the AO and only a mechanical reliance on the investigation report, so the required live link between information and alleged escapement was absent. Since reopening was based on one issue but no addition was made on that issue, the addition on a different issue could not be sustained. The assessee succeeded before the ITAT Delhi. en-us Fri, 17 Apr 2026 00:00:00 +0530 Mon, 20 Apr 2026 08:30:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790120 Reassessment was invalid because the recorded reasons referred to share capital from one entity, while the addition was made in respect of funds received from another company. The reassessment records showed no independent application of mind by the AO and only a mechanical reliance on the investigation report, so the required live link between information and alleged escapement was absent. Since reopening was based on one issue but no addition was made on that issue, the addition on a different issue could not be sustained. The assessee succeeded before the ITAT Delhi. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790120