https://www.taxtmi.com/caselaws?id=468748 Reassessment based solely on information from another officer and a survey report, without independent enquiry or verification by the Assessing Officer, was treated as borrowed satisfaction and not independently sustainable. Additions for alleged unaccounted cash purchases and unexplained money also failed because the material was not properly secured or examined, no enquiry was made into relevant bank accounts or third-party transactions, and no direct evidentiary link connected the assessee to the alleged cash deposits. The appellate deletion of the additions under sections 69C and 69A was upheld, and the Revenue's challenge to both the reassessment and the additions was left undisturbed. en-us Wed, 05 Feb 2025 00:00:00 +0530 Tue, 19 May 2026 18:56:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468748 Reassessment based solely on information from another officer and a survey report, without independent enquiry or verification by the Assessing Officer, was treated as borrowed satisfaction and not independently sustainable. Additions for alleged unaccounted cash purchases and unexplained money also failed because the material was not properly secured or examined, no enquiry was made into relevant bank accounts or third-party transactions, and no direct evidentiary link connected the assessee to the alleged cash deposits. The appellate deletion of the additions under sections 69C and 69A was upheld, and the Revenue's challenge to both the reassessment and the additions was left undisturbed. Case-Laws Income Tax Wed, 05 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468748