https://www.taxtmi.com/caselaws?id=797313 Reassessment based on seized third-party material requires a live and direct nexus with the taxpayer's transaction. An inquiry-register entry recorded before the registered land purchase described land available for sale, covered additional survey numbers and a larger area, named an unconnected person, and did not refer to the taxpayer or co-purchasers. The broker's admissions further undermined any assumption that every entry reflected an actual financial transaction. Mere overlap in some survey numbers could not establish undisclosed on-money payment, rendering the reassessment notice unsustainable. en-us Wed, 15 Apr 2026 00:00:00 +0530 Thu, 20 Aug 2026 08:14:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797313 Reassessment based on seized third-party material requires a live and direct nexus with the taxpayer's transaction. An inquiry-register entry recorded before the registered land purchase described land available for sale, covered additional survey numbers and a larger area, named an unconnected person, and did not refer to the taxpayer or co-purchasers. The broker's admissions further undermined any assumption that every entry reflected an actual financial transaction. Mere overlap in some survey numbers could not establish undisclosed on-money payment, rendering the reassessment notice unsustainable. Case-Laws Income Tax Wed, 15 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797313