https://www.taxtmi.com/caselaws?id=772871 Reassessment under the Income-tax Act, 1961 required tangible material with a live nexus to the assessee and a rational connection to the belief that income had escaped assessment. Third-party investigation material alleging accommodation entries was insufficient because the assessment records showed no meaningful linkage between the assessee and the alleged operator, and no material that the assessee had actually received such entries. On that basis, the reopening was held invalid, and the appeal was dismissed for not raising any substantial question of law. en-us Tue, 10 Jun 2025 00:00:00 +0530 Sat, 14 Jun 2025 06:47:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772871 Reassessment under the Income-tax Act, 1961 required tangible material with a live nexus to the assessee and a rational connection to the belief that income had escaped assessment. Third-party investigation material alleging accommodation entries was insufficient because the assessment records showed no meaningful linkage between the assessee and the alleged operator, and no material that the assessee had actually received such entries. On that basis, the reopening was held invalid, and the appeal was dismissed for not raising any substantial question of law. Case-Laws Income Tax Tue, 10 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772871