https://www.taxtmi.com/caselaws?id=797695 Reassessment initiated solely on investigation-wing information without independent enquiry, verification, or application of mind is vulnerable as borrowed satisfaction. Where recorded reasons do not connect the taxpayer's actual transactions to named entities, reopening lacks a proper factual foundation. An unexplained-credit addition is unsustainable when lender confirmations, ledger accounts, bank records of receipt and repayment, and interest-payment evidence remain unrebutted. Amounts representing reversal of payments to another creditor cannot be treated as fresh loans. Reliance on adverse third-party statements without granting requested cross-examination also cannot displace reliable documentary evidence, including for consequential alleged commission expenditure. en-us Wed, 19 Aug 2026 00:00:00 +0530 Wed, 26 Aug 2026 08:27:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797695 Reassessment initiated solely on investigation-wing information without independent enquiry, verification, or application of mind is vulnerable as borrowed satisfaction. Where recorded reasons do not connect the taxpayer's actual transactions to named entities, reopening lacks a proper factual foundation. An unexplained-credit addition is unsustainable when lender confirmations, ledger accounts, bank records of receipt and repayment, and interest-payment evidence remain unrebutted. Amounts representing reversal of payments to another creditor cannot be treated as fresh loans. Reliance on adverse third-party statements without granting requested cross-examination also cannot displace reliable documentary evidence, including for consequential alleged commission expenditure. Case-Laws Income Tax Wed, 19 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797695