https://www.taxtmi.com/caselaws?id=782307 Reassessment proceedings were treated as jurisdictionally defective where reopening rested on patently incorrect information, with no independent verification or application of mind by the Assessing Officer. The record did not support the claimed SEBI-based premise for reopening in relation to the relevant scrip, and the initiation was viewed as based on suspicion rather than the statutory standard of reason to believe. On those facts, the reassessment was held invalid. en-us Thu, 20 Nov 2025 00:00:00 +0530 Thu, 27 Nov 2025 08:36:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=782307 Reassessment proceedings were treated as jurisdictionally defective where reopening rested on patently incorrect information, with no independent verification or application of mind by the Assessing Officer. The record did not support the claimed SEBI-based premise for reopening in relation to the relevant scrip, and the initiation was viewed as based on suspicion rather than the statutory standard of reason to believe. On those facts, the reassessment was held invalid. Case-Laws Income Tax Thu, 20 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=782307