https://www.taxtmi.com/caselaws?id=186319 Reassessment reasons must be furnished within a reasonable time when specifically sought, and failure to do so breaches the reassessment procedure, though that defect did not independently invalidate the reassessment here. Additions treating loose diamond sales as bogus could not stand where the revenue relied on survey statements recorded behind the assessee's back without supply of those statements or cross-examination, especially after retraction and later direct evidence confirmed the purchases through affidavit, purchase bills and banking records. The earlier untested statements were insufficient to displace the documentary and oral evidence of genuineness, so the additions were deleted. en-us Wed, 22 Sep 2004 00:00:00 +0530 Wed, 14 Sep 2016 14:19:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186319 Reassessment reasons must be furnished within a reasonable time when specifically sought, and failure to do so breaches the reassessment procedure, though that defect did not independently invalidate the reassessment here. Additions treating loose diamond sales as bogus could not stand where the revenue relied on survey statements recorded behind the assessee's back without supply of those statements or cross-examination, especially after retraction and later direct evidence confirmed the purchases through affidavit, purchase bills and banking records. The earlier untested statements were insufficient to displace the documentary and oral evidence of genuineness, so the additions were deleted. Case-Laws Income Tax Wed, 22 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186319