https://www.taxtmi.com/caselaws?id=469865 Reassessment based on an alleged investment required fresh verification because the assessment was made ex parte on received information without checking the purchase deed or properly examining the actual year and fact of investment. The assessee also failed to participate effectively or place relevant documents before the lower authorities. In view of these contributory lapses, the merits of the addition could not be conclusively determined at this stage, and the assessment and appellate orders were set aside with the matter remitted to the AO for fresh examination. en-us Tue, 11 Mar 2025 00:00:00 +0530 Tue, 07 Jul 2026 21:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469865 Reassessment based on an alleged investment required fresh verification because the assessment was made ex parte on received information without checking the purchase deed or properly examining the actual year and fact of investment. The assessee also failed to participate effectively or place relevant documents before the lower authorities. In view of these contributory lapses, the merits of the addition could not be conclusively determined at this stage, and the assessment and appellate orders were set aside with the matter remitted to the AO for fresh examination. Case-Laws Income Tax Tue, 11 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469865