https://www.taxtmi.com/caselaws?id=445061 Gujarat HC quashed reopening of assessment u/s 147. During original assessment proceedings, petitioner had disclosed lump sum compensation receipts with supporting documents including court orders, MOU, ledger accounts, and bank statements. AO had examined these documents and passed assessment order u/s 143(3) after satisfaction. Court held that since no new tangible material or information came to AO's possession and reopening was based solely on original assessment records already scrutinized, there was no reason to believe income had escaped assessment. AO cannot review his own decision under garb of reassessment. en-us Tue, 03 Oct 2023 00:00:00 +0530 Mon, 16 Feb 2026 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445061 Gujarat HC quashed reopening of assessment u/s 147. During original assessment proceedings, petitioner had disclosed lump sum compensation receipts with supporting documents including court orders, MOU, ledger accounts, and bank statements. AO had examined these documents and passed assessment order u/s 143(3) after satisfaction. Court held that since no new tangible material or information came to AO's possession and reopening was based solely on original assessment records already scrutinized, there was no reason to believe income had escaped assessment. AO cannot review his own decision under garb of reassessment. Case-Laws Income Tax Tue, 03 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445061