https://www.taxtmi.com/caselaws?id=414276 The court quashed the notice and assessment order due to insufficient reasons for income escaping assessment, emphasizing the necessity of clear and unambiguous reasons based on evidence for reopening assessments. It clarified that after four years, the Assessing Officer cannot review a concluded assessment without disclosing tangible material for income escapement. Additionally, the court highlighted the importance of establishing a vital link between reasons and evidence to prevent arbitrary reopening, ultimately finding a lack of connection between the information received and the petitioner in this case, leading to the quashing of the notice and order. en-us Mon, 25 Oct 2021 00:00:00 +0530 Fri, 20 Feb 2026 17:20:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414276 The court quashed the notice and assessment order due to insufficient reasons for income escaping assessment, emphasizing the necessity of clear and unambiguous reasons based on evidence for reopening assessments. It clarified that after four years, the Assessing Officer cannot review a concluded assessment without disclosing tangible material for income escapement. Additionally, the court highlighted the importance of establishing a vital link between reasons and evidence to prevent arbitrary reopening, ultimately finding a lack of connection between the information received and the petitioner in this case, leading to the quashing of the notice and order. Case-Laws Income Tax Mon, 25 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414276