https://www.taxtmi.com/caselaws?id=800809 Faceless assessment of capital gains cannot treat gross sale proceeds as taxable gains while disregarding documentary material supporting the cost of acquisition, transfer expenses, and reinvestment claims. Sale deeds, acquisition records, legal-expense evidence, and reinvestment documents furnished through the assessment portal require specific consideration. Denial of deductions and reinvestment benefits without identifying deficiencies, conducting enquiry or verification, or giving reasoned consideration is legally infirm. A fresh reasoned assessment, with a personal hearing, is required where the material submitted has not been addressed. en-us Mon, 05 Oct 2026 00:00:00 +0530 Mon, 12 Oct 2026 04:18:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800809 Faceless assessment of capital gains cannot treat gross sale proceeds as taxable gains while disregarding documentary material supporting the cost of acquisition, transfer expenses, and reinvestment claims. Sale deeds, acquisition records, legal-expense evidence, and reinvestment documents furnished through the assessment portal require specific consideration. Denial of deductions and reinvestment benefits without identifying deficiencies, conducting enquiry or verification, or giving reasoned consideration is legally infirm. A fresh reasoned assessment, with a personal hearing, is required where the material submitted has not been addressed. Case-Laws Income Tax Mon, 05 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800809