https://www.taxtmi.com/caselaws?id=775628 The HC held that the AO's reason to believe for reopening the assessment was based on an incorrect assumption that the petitioner suppressed investment in property purchase. Since the petitioner had already disclosed the income from the sale in the return, the AO lacked jurisdiction to issue the reopening notice. The appeal was allowed, and the reopening was quashed. en-us Mon, 14 Jul 2025 00:00:00 +0530 Mon, 28 Jul 2025 08:27:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775628 The HC held that the AO's reason to believe for reopening the assessment was based on an incorrect assumption that the petitioner suppressed investment in property purchase. Since the petitioner had already disclosed the income from the sale in the return, the AO lacked jurisdiction to issue the reopening notice. The appeal was allowed, and the reopening was quashed. Case-Laws Income Tax Mon, 14 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775628