https://www.taxtmi.com/caselaws?id=786419 Reopening an assessment more than four years after the relevant year was invalid where the only information before the assessing officer was that the taxpayer had claimed tax exempt long term capital gains and that claim had already been examined in the original scrutiny assessment. The officer failed to identify any specific undisclosed material fact, relied on portal information without correlating it to assessment records, and had no direct incriminating evidence from third party search records. For these reasons the assumption of jurisdiction to reopen was held improper and the notice and reassessment were quashed. en-us Mon, 09 Feb 2026 00:00:00 +0530 Thu, 12 Feb 2026 09:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786419 Reopening an assessment more than four years after the relevant year was invalid where the only information before the assessing officer was that the taxpayer had claimed tax exempt long term capital gains and that claim had already been examined in the original scrutiny assessment. The officer failed to identify any specific undisclosed material fact, relied on portal information without correlating it to assessment records, and had no direct incriminating evidence from third party search records. For these reasons the assumption of jurisdiction to reopen was held improper and the notice and reassessment were quashed. Case-Laws Income Tax Mon, 09 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786419