https://www.taxtmi.com/caselaws?id=787028 Reopening of assessment requires a genuine reason to believe formed on correct facts and a real application of mind; reliance on incorrect premises or unverified third party information vitiates jurisdiction. The AO recorded reasons repeatedly alleging non filing despite the record showing an e filed return and audited disclosure, and the approval was given mechanically without independent satisfaction. Applying precedent that mechanical sanction and reproduction of AIR data without verification are inadequate, the Tribunal concluded the statutory preconditions for valid reassessment were absent and quashed the reopening and reassessment order, dismissing the Revenue appeal. en-us Mon, 22 Sep 2025 00:00:00 +0530 Wed, 25 Feb 2026 07:26:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787028 Reopening of assessment requires a genuine reason to believe formed on correct facts and a real application of mind; reliance on incorrect premises or unverified third party information vitiates jurisdiction. The AO recorded reasons repeatedly alleging non filing despite the record showing an e filed return and audited disclosure, and the approval was given mechanically without independent satisfaction. Applying precedent that mechanical sanction and reproduction of AIR data without verification are inadequate, the Tribunal concluded the statutory preconditions for valid reassessment were absent and quashed the reopening and reassessment order, dismissing the Revenue appeal. Case-Laws Income Tax Mon, 22 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787028