https://www.taxtmi.com/caselaws?id=430313 Reopening of an assessment beyond four years was held invalid where the original scrutiny assessment had already examined the share application money issue on the basis of full disclosures, including applicant details, PAN, addresses, allotment records and supporting documents. As the reassessment reasons rested on the same material without any new tangible information, the action was treated as a mere change of opinion and an impermissible fishing inquiry. The reassessment notice and the order rejecting objections were quashed, and the assessee succeeded. en-us Fri, 11 Nov 2022 00:00:00 +0530 Sat, 11 Oct 2025 13:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430313 Reopening of an assessment beyond four years was held invalid where the original scrutiny assessment had already examined the share application money issue on the basis of full disclosures, including applicant details, PAN, addresses, allotment records and supporting documents. As the reassessment reasons rested on the same material without any new tangible information, the action was treated as a mere change of opinion and an impermissible fishing inquiry. The reassessment notice and the order rejecting objections were quashed, and the assessee succeeded. Case-Laws Income Tax Fri, 11 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430313