https://www.taxtmi.com/caselaws?id=783388 HC upheld the validity of the reassessment proceedings initiated against the assessee. It held that the reasons to believe, based on information regarding alleged dummy/shell entities and bank accounts, disclosed a live nexus with the escapement of income and were neither vague nor contradictory so as to prejudice the assessee's defence. The Court rejected the plea of change of opinion and found no lack of jurisdiction or inherent defect in the notice under s.148(1). It further held that s.148A(a) has no application post-amendment and that the subsequent notice rendered the earlier similar notice infructuous, requiring no formal withdrawal. en-us Thu, 27 Nov 2025 00:00:00 +0530 Mon, 15 Dec 2025 08:39:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=783388 HC upheld the validity of the reassessment proceedings initiated against the assessee. It held that the reasons to believe, based on information regarding alleged dummy/shell entities and bank accounts, disclosed a live nexus with the escapement of income and were neither vague nor contradictory so as to prejudice the assessee's defence. The Court rejected the plea of change of opinion and found no lack of jurisdiction or inherent defect in the notice under s.148(1). It further held that s.148A(a) has no application post-amendment and that the subsequent notice rendered the earlier similar notice infructuous, requiring no formal withdrawal. Case-Laws Income Tax Thu, 27 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=783388