https://www.taxtmi.com/caselaws?id=470694 Reassessment based on Investigation Wing information alleging client-code modification transactions requires tangible material specifically linking the taxpayer to the alleged escapement of income. General information without identifying relevant brokers, trades, client-code details, or fictitious profits or losses does not establish that link. The Assessing Officer must independently examine and verify the information against the taxpayer's return; mechanically reproducing investigation inputs constitutes borrowed satisfaction. The notes state that reassessment initiation was invalid for lack of assessee-specific material and independent application of mind, resulting in the assessment being quashed. en-us Wed, 26 Mar 2025 00:00:00 +0530 Tue, 04 Aug 2026 20:51:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470694 Reassessment based on Investigation Wing information alleging client-code modification transactions requires tangible material specifically linking the taxpayer to the alleged escapement of income. General information without identifying relevant brokers, trades, client-code details, or fictitious profits or losses does not establish that link. The Assessing Officer must independently examine and verify the information against the taxpayer's return; mechanically reproducing investigation inputs constitutes borrowed satisfaction. The notes state that reassessment initiation was invalid for lack of assessee-specific material and independent application of mind, resulting in the assessment being quashed. Case-Laws Income Tax Wed, 26 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470694