https://www.taxtmi.com/caselaws?id=796314 Reassessment cannot be sustained where the recorded reasons allege escaped capital gains from land sale but the assessment makes an unexplained-money addition without any addition on the recorded issue. The notes state that the Assessing Officer relied only on Insight Portal information without independent verification, while underlying receipts and statements were unavailable to the assessee and no cross-examination was provided. Inconsistent accounts of the alleged sale consideration further undermined the material. The reassessment was described as invalid and quashed because additions on matters outside the recorded reasons could not be made when the reopening basis produced no addition. en-us Wed, 15 Jul 2026 00:00:00 +0530 Tue, 04 Aug 2026 08:39:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796314 Reassessment cannot be sustained where the recorded reasons allege escaped capital gains from land sale but the assessment makes an unexplained-money addition without any addition on the recorded issue. The notes state that the Assessing Officer relied only on Insight Portal information without independent verification, while underlying receipts and statements were unavailable to the assessee and no cross-examination was provided. Inconsistent accounts of the alleged sale consideration further undermined the material. The reassessment was described as invalid and quashed because additions on matters outside the recorded reasons could not be made when the reopening basis produced no addition. Case-Laws Income Tax Wed, 15 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796314