https://www.taxtmi.com/caselaws?id=465906 Reassessment proceedings are challenged on procedural and substantive grounds: issuance of notice under the assessment scheme before supplying reasons and considering objections fails statutory requirements, leading to invalidation of subsequent proceedings; lack of independent application of mind and failure to verify facts provided by the investigation unit demonstrates that reasons recorded were based on incorrect facts, vitiating the initiation of reassessment and attendant orders; reliance on an unverified investigation report without factual verification undermines jurisdictional validity of reassessment, resulting in decision favouring the taxpayer. en-us Fri, 29 Sep 2023 00:00:00 +0530 Tue, 13 Jan 2026 16:17:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465906 Reassessment proceedings are challenged on procedural and substantive grounds: issuance of notice under the assessment scheme before supplying reasons and considering objections fails statutory requirements, leading to invalidation of subsequent proceedings; lack of independent application of mind and failure to verify facts provided by the investigation unit demonstrates that reasons recorded were based on incorrect facts, vitiating the initiation of reassessment and attendant orders; reliance on an unverified investigation report without factual verification undermines jurisdictional validity of reassessment, resulting in decision favouring the taxpayer. Case-Laws Income Tax Fri, 29 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465906