https://www.taxtmi.com/caselaws?id=790311 Reassessment based solely on Investigation Wing information and third-party survey statements was found invalid because the recorded reasons lacked independent application of mind, did not establish a live nexus with the assessee's income, and were not followed by proper disposal of objections. The related additions for commission payments and alleged inflated purchases also failed because the assessee produced supporting books and tax records, no defect in the accounts was identified, and the case rested mainly on untested third-party statements without effective cross-examination or specific notice. The reassessment and all related additions were therefore deleted, granting the assessee complete relief. en-us Tue, 07 Apr 2026 00:00:00 +0530 Thu, 23 Apr 2026 09:45:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790311 Reassessment based solely on Investigation Wing information and third-party survey statements was found invalid because the recorded reasons lacked independent application of mind, did not establish a live nexus with the assessee's income, and were not followed by proper disposal of objections. The related additions for commission payments and alleged inflated purchases also failed because the assessee produced supporting books and tax records, no defect in the accounts was identified, and the case rested mainly on untested third-party statements without effective cross-examination or specific notice. The reassessment and all related additions were therefore deleted, granting the assessee complete relief. Case-Laws Income Tax Tue, 07 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790311