https://www.taxtmi.com/caselaws?id=798230 Independent application of mind is required for sanction under Section 151; a bare "Approved" endorsement without examination of material or satisfaction on reopening is mechanically granted and invalid. Reassessment based on cash deposits in jointly held bank accounts also requires recorded reasons establishing a live nexus between the assessee and income escaping assessment. Where the assessee is only the second account holder, no material links the entire deposits to taxable income, and agricultural activity supports the explanation, the reopening lacks jurisdiction. The reassessment and consequential additions are unsustainable. en-us Mon, 31 Aug 2026 00:00:00 +0530 Thu, 03 Sep 2026 08:20:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798230 Independent application of mind is required for sanction under Section 151; a bare "Approved" endorsement without examination of material or satisfaction on reopening is mechanically granted and invalid. Reassessment based on cash deposits in jointly held bank accounts also requires recorded reasons establishing a live nexus between the assessee and income escaping assessment. Where the assessee is only the second account holder, no material links the entire deposits to taxable income, and agricultural activity supports the explanation, the reopening lacks jurisdiction. The reassessment and consequential additions are unsustainable. Case-Laws Income Tax Mon, 31 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798230