ITAT Quashes Rs 1.30 Crore Section 68 Unexplained Credits Addition, Holds Investigation Wing Input Alone Cannot Justify Reassessment:
ITAT quashes reassessment proceedings, holding that the AO relied on Investigation Wing information without independent application of mind.
ITAT Invalidates Reassessment Over Defective Reasons and ‘Borrowed Satisfaction’
Saloni Kumari
Sep 9, 2026
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ITAT Quashes Rs 1.30 Crore Section 68 Unexplained Credits Addition, Holds Investigation Wing Input Alone Cannot Justify Reassessment
ITAT quashes reassessment proceedings, holding that the AO relied on Investigation Wing information without independent application of mind.
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Saloni Kumari
Content Writer
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
Saloni is a Content Writer with 2+ years of experience at studycafe.in. She writes legal, taxation, and finance related content including GST, Income Tax etc. Skilled in translating complex judicial pronouncements and regulatory developments into clear, and reader-friendly articles. Experienced in covering judgements of ITAT, High Court, GSTAT, and news related to Income Tax, GST, and corporate law. She can be reached at [email protected].
StudyCafe
Delhi, Delhi, India
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