https://www.taxtmi.com/caselaws?id=787088 Reopening assessments beyond the three-year period is impermissible where the AO and sanctioning authorities failed to record, on objective material, that escaped income is represented by identifiable assets, specified expenditure or book entries meeting the statutory threshold; mechanical concurrence by higher authorities without independent application of mind negates jurisdiction to reopen. Where earlier reassessment proceedings were dropped on acceptance of return, issuing a fresh reassessment notice on the same material without following the Section 148A show-cause and consideration procedure is procedurally invalid. Consequential reassessment notices and orders were therefore quashed for lack of jurisdiction and procedural non-compliance. en-us Wed, 18 Feb 2026 00:00:00 +0530 Thu, 26 Feb 2026 07:35:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787088 Reopening assessments beyond the three-year period is impermissible where the AO and sanctioning authorities failed to record, on objective material, that escaped income is represented by identifiable assets, specified expenditure or book entries meeting the statutory threshold; mechanical concurrence by higher authorities without independent application of mind negates jurisdiction to reopen. Where earlier reassessment proceedings were dropped on acceptance of return, issuing a fresh reassessment notice on the same material without following the Section 148A show-cause and consideration procedure is procedurally invalid. Consequential reassessment notices and orders were therefore quashed for lack of jurisdiction and procedural non-compliance. Case-Laws Income Tax Wed, 18 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787088