https://www.taxtmi.com/caselaws?id=785436 Reopening of assessment under tax reassessment provisions was invalidated because the assessing officer acted on borrowed belief from an anti-corruption agency report without independent application of mind or any verification. The assessing officer made no inquiry into alleged disproportionate assets attributed to the assessee and did not cross-check the third-party information, rendering the jurisdictional exercise defective; consequently the reassessment order founded on that reopening was quashed and the assessees appeal allowed. en-us Tue, 20 Jan 2026 00:00:00 +0530 Fri, 23 Jan 2026 09:10:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785436 Reopening of assessment under tax reassessment provisions was invalidated because the assessing officer acted on borrowed belief from an anti-corruption agency report without independent application of mind or any verification. The assessing officer made no inquiry into alleged disproportionate assets attributed to the assessee and did not cross-check the third-party information, rendering the jurisdictional exercise defective; consequently the reassessment order founded on that reopening was quashed and the assessees appeal allowed. Case-Laws Income Tax Tue, 20 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785436