https://www.taxtmi.com/caselaws?id=792189 Reassessment cannot be sustained where the reopening is based on unverified investigation material that is not furnished to the assessee despite request, because such denial breaches natural justice and undermines the formation of a valid belief. An addition for unexplained investment under section 69B also fails where the purchase consideration is shown through account payee banking channels and is supported by ledger entries, receipts, confirmations, bank statements, and the seller's records. On the stated facts, the investment was treated as duly recorded and explained, and the addition was deleted. en-us Tue, 21 Apr 2026 00:00:00 +0530 Mon, 25 May 2026 08:14:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792189 Reassessment cannot be sustained where the reopening is based on unverified investigation material that is not furnished to the assessee despite request, because such denial breaches natural justice and undermines the formation of a valid belief. An addition for unexplained investment under section 69B also fails where the purchase consideration is shown through account payee banking channels and is supported by ledger entries, receipts, confirmations, bank statements, and the seller's records. On the stated facts, the investment was treated as duly recorded and explained, and the addition was deleted. Case-Laws Income Tax Tue, 21 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792189