https://www.taxtmi.com/caselaws?id=407164 A completed assessment may be reopened where the transfer of immovable property was not completed by a registered instrument in the earlier year and the registered sale deed was executed only in the relevant assessment year. The earlier scrutiny assessment did not bar reassessment as a mere change of opinion because the unregistered sale agreement and power of attorney did not effect title transfer, and the Assessing Officer had recorded reason to believe that income had escaped assessment. The writ challenge to the reopening notice therefore failed and the reassessment was upheld. en-us Fri, 23 Apr 2021 00:00:00 +0530 Sat, 01 May 2021 09:31:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407164 A completed assessment may be reopened where the transfer of immovable property was not completed by a registered instrument in the earlier year and the registered sale deed was executed only in the relevant assessment year. The earlier scrutiny assessment did not bar reassessment as a mere change of opinion because the unregistered sale agreement and power of attorney did not effect title transfer, and the Assessing Officer had recorded reason to believe that income had escaped assessment. The writ challenge to the reopening notice therefore failed and the reassessment was upheld. Case-Laws Income Tax Fri, 23 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407164