https://www.taxtmi.com/caselaws?id=463289 SC dismissed the special leave petition, upholding HC's view that reassessment initiated under s.147 was invalid where the reasons to believe relied solely on material already disclosed during the original assessment. The court accepted that no fresh material or new facts were placed before the assessing authority and the reasons recorded merely referenced information furnished earlier by the taxpayer; accordingly, reopening the assessment lacked jurisdiction and was not permissible. en-us Mon, 17 Oct 2022 00:00:00 +0530 Fri, 22 Aug 2025 08:36:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463289 SC dismissed the special leave petition, upholding HC's view that reassessment initiated under s.147 was invalid where the reasons to believe relied solely on material already disclosed during the original assessment. The court accepted that no fresh material or new facts were placed before the assessing authority and the reasons recorded merely referenced information furnished earlier by the taxpayer; accordingly, reopening the assessment lacked jurisdiction and was not permissible. Case-Laws Income Tax Mon, 17 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463289