https://www.taxtmi.com/article/detailed?id=6306 Reopening of assessment requires the Assessing Officer to have contemporaneously recorded reason to believe, grounded in fresh tangible material with a clear nexus to the conclusion; reasons must be self explanatory, evidence based, supplied on request, and accompanied by opportunity to file objections and a reasoned disposal. Reassessment applies only to income chargeable to tax that escaped assessment, exempting tax neutral items, and additional issues may be assessed only in conjunction with the issue for which reasons were recorded except where statutory explanation permits otherwise. en-us Sun, 14 Jun 2015 20:25:24 +0530 Thu, 25 Jun 2015 17:54:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6306 Reopening of assessment requires the Assessing Officer to have contemporaneously recorded reason to believe, grounded in fresh tangible material with a clear nexus to the conclusion; reasons must be self explanatory, evidence based, supplied on request, and accompanied by opportunity to file objections and a reasoned disposal. Reassessment applies only to income chargeable to tax that escaped assessment, exempting tax neutral items, and additional issues may be assessed only in conjunction with the issue for which reasons were recorded except where statutory explanation permits otherwise. Articles Income Tax Sun, 14 Jun 2015 20:25:24 +0530 https://www.taxtmi.com/article/detailed?id=6306