https://www.taxtmi.com/caselaws?id=772127 NRI challenged reassessment proceedings initiated by tax authorities under Section 148 of Income Tax Act. HC ruled that mere property purchase and non-filing of return does not constitute sufficient grounds for reassessment. Court found no prima facie evidence of escaped income, rejecting AO's notice as invalid. Proceedings were quashed, emphasizing strict requirements for initiating tax reassessment against non-resident taxpayers. en-us Thu, 20 Mar 2025 00:00:00 +0530 Wed, 04 Jun 2025 08:40:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772127 NRI challenged reassessment proceedings initiated by tax authorities under Section 148 of Income Tax Act. HC ruled that mere property purchase and non-filing of return does not constitute sufficient grounds for reassessment. Court found no prima facie evidence of escaped income, rejecting AO's notice as invalid. Proceedings were quashed, emphasizing strict requirements for initiating tax reassessment against non-resident taxpayers. Case-Laws Income Tax Thu, 20 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772127