https://www.taxtmi.com/caselaws?id=796161 Reassessment based solely on an Insight Portal chart, without the Assessing Officer obtaining, examining, or identifying underlying seized material linking the assessee to alleged cash payment, lacks a rational nexus with escaped income and reflects borrowed satisfaction; the Section 148 notice was therefore invalid. An addition for alleged on-money payment cannot rest on incomplete, unproduced and uncorroborated material that neither identifies the assessee nor establishes cash payment or connection with the purchased property; the Section 69 addition was unsustainable and deleted. Independent application of mind to material with a live link to escapement is required for reassessment. en-us Fri, 29 May 2026 00:00:00 +0530 Sat, 01 Aug 2026 08:34:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796161 Reassessment based solely on an Insight Portal chart, without the Assessing Officer obtaining, examining, or identifying underlying seized material linking the assessee to alleged cash payment, lacks a rational nexus with escaped income and reflects borrowed satisfaction; the Section 148 notice was therefore invalid. An addition for alleged on-money payment cannot rest on incomplete, unproduced and uncorroborated material that neither identifies the assessee nor establishes cash payment or connection with the purchased property; the Section 69 addition was unsustainable and deleted. Independent application of mind to material with a live link to escapement is required for reassessment. Case-Laws Income Tax Fri, 29 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796161