https://www.taxtmi.com/caselaws?id=272092 The HC held that reopening an assessment solely based on a search, without incriminating material, and reassessing accounts already accepted in the original assessment is impermissible. The Revenue cannot use a search as a pretext to obtain a second chance to reopen a concluded assessment. Reassessment must follow the specific statutory conditions. The court ruled that the Assessing Officer cannot reappreciate the same accounts merely because a search was conducted. The decision favored the assessee, restraining the Revenue from reopening the assessment on these grounds. en-us Tue, 15 Dec 2015 00:00:00 +0530 Tue, 07 Apr 2026 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272092 The HC held that reopening an assessment solely based on a search, without incriminating material, and reassessing accounts already accepted in the original assessment is impermissible. The Revenue cannot use a search as a pretext to obtain a second chance to reopen a concluded assessment. Reassessment must follow the specific statutory conditions. The court ruled that the Assessing Officer cannot reappreciate the same accounts merely because a search was conducted. The decision favored the assessee, restraining the Revenue from reopening the assessment on these grounds. Case-Laws Income Tax Tue, 15 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272092