https://www.taxtmi.com/caselaws?id=469975 Reassessment based only on Investigation Wing information, without independent inquiry by the AO, was treated as borrowed satisfaction and therefore unsustainable. The discussion also accepted the lender's creditworthiness and the genuineness of the loan where financial statements, business profile, advances reflected in accounts, and routing through banking channels supported the transaction; the addition was not sustained on a mere misplaced doubt about financial capacity. No Rule 46A violation was made out on the stated facts. The Revenue's challenge thus failed and the assessee's relief remained undisturbed. en-us Wed, 12 Mar 2025 00:00:00 +0530 Fri, 10 Jul 2026 22:36:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469975 Reassessment based only on Investigation Wing information, without independent inquiry by the AO, was treated as borrowed satisfaction and therefore unsustainable. The discussion also accepted the lender's creditworthiness and the genuineness of the loan where financial statements, business profile, advances reflected in accounts, and routing through banking channels supported the transaction; the addition was not sustained on a mere misplaced doubt about financial capacity. No Rule 46A violation was made out on the stated facts. The Revenue's challenge thus failed and the assessee's relief remained undisturbed. Case-Laws Income Tax Wed, 12 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469975