https://www.taxtmi.com/caselaws?id=769083 Reopening an assessment must be predicated on material showing income escaped assessment, but the valuation or quantum of such escaped income is to be determined by the assessing officer when passing an order under the procedural notice stage requiring response; merely sharing information does not fix the amount. A notice issued beyond the three-year limitation is invalid if no material indicates income escaped assessment. Where the taxpayer declared and paid tax on the relevant receipt and the assessing officer possessed no contrary material, invalidity of the belated notice follows and the notice may be set aside. en-us Tue, 01 Apr 2025 00:00:00 +0530 Mon, 09 Feb 2026 16:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769083 Reopening an assessment must be predicated on material showing income escaped assessment, but the valuation or quantum of such escaped income is to be determined by the assessing officer when passing an order under the procedural notice stage requiring response; merely sharing information does not fix the amount. A notice issued beyond the three-year limitation is invalid if no material indicates income escaped assessment. Where the taxpayer declared and paid tax on the relevant receipt and the assessing officer possessed no contrary material, invalidity of the belated notice follows and the notice may be set aside. Case-Laws Income Tax Tue, 01 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769083