https://www.taxtmi.com/caselaws?id=779359 HC held that reopening assessments based on loose papers and public-domain information lacked a live nexus with recorded sale-deeds and could not support jurisdiction. The court found reliance on a valuer's report alone insufficient without corroborative evidence to prima facie establish payment of on-money. The show-cause notices issued by the Assessing Officer were treated as fishing inquiries lacking supporting material connected to the purchase transactions. The impugned notices were held without jurisdiction and were quashed and set aside. en-us Tue, 16 Sep 2025 00:00:00 +0530 Tue, 14 Jul 2026 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779359 HC held that reopening assessments based on loose papers and public-domain information lacked a live nexus with recorded sale-deeds and could not support jurisdiction. The court found reliance on a valuer's report alone insufficient without corroborative evidence to prima facie establish payment of on-money. The show-cause notices issued by the Assessing Officer were treated as fishing inquiries lacking supporting material connected to the purchase transactions. The impugned notices were held without jurisdiction and were quashed and set aside. Case-Laws Income Tax Tue, 16 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779359