https://www.taxtmi.com/highlights?id=105158 Reassessment proceedings concerning unsecured loans required an opportunity for the taxpayer to furnish confirmations from lenders and any further particulars needed to determine whether reassessment was warranted. Without that opportunity, the reassessment-initiation order, prior approval and consequential notice were quashed. Fresh consideration was directed after the taxpayer could provide the requisite clarifications and lender confirmations. en-us Mon, 19 Oct 2026 07:01:13 +0530 Mon, 19 Oct 2026 07:01:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=105158 Reassessment proceedings concerning unsecured loans required an opportunity for the taxpayer to furnish confirmations from lenders and any further particulars needed to determine whether reassessment was warranted. Without that opportunity, the reassessment-initiation order, prior approval and consequential notice were quashed. Fresh consideration was directed after the taxpayer could provide the requisite clarifications and lender confirmations. Highlights Income Tax Mon, 19 Oct 2026 07:01:13 +0530 https://www.taxtmi.com/highlights?id=105158