https://www.taxtmi.com/caselaws?id=794593 Reassessment beyond four years based only on Investigation Wing material and without independent enquiry was invalid because the reasons showed borrowed satisfaction, no tangible material, and no specific failure to disclose primary facts; the reassessment orders were quashed. Additions treating share sale proceeds as unexplained credits and related commission as unexplained expenditure were also unsustainable because the assessees produced contract notes, demat and bank records, broker ledgers and STT evidence, the transactions were accepted as genuine, and taxing the same sale consideration again would result in double addition; the section 68 and 69C additions were deleted. en-us Wed, 03 Jun 2026 00:00:00 +0530 Wed, 08 Jul 2026 09:08:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794593 Reassessment beyond four years based only on Investigation Wing material and without independent enquiry was invalid because the reasons showed borrowed satisfaction, no tangible material, and no specific failure to disclose primary facts; the reassessment orders were quashed. Additions treating share sale proceeds as unexplained credits and related commission as unexplained expenditure were also unsustainable because the assessees produced contract notes, demat and bank records, broker ledgers and STT evidence, the transactions were accepted as genuine, and taxing the same sale consideration again would result in double addition; the section 68 and 69C additions were deleted. Case-Laws Income Tax Wed, 03 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794593