https://www.taxtmi.com/caselaws?id=787233 Reassessment of bank-deposit transactions already examined and finally adjudicated in a completed assessment cannot be initiated on the same material absent fresh, independent tangible material giving rise to reasons to believe; mere change of opinion or re-examination is impermissible. Consequently, notices and proceedings seeking reassessment which rely on identical material as the original assessment are invalid and liable to be quashed, and alternative statutory remedies do not preclude relief where finality of assessment and protection against vexatious double taxation are engaged. en-us Tue, 24 Feb 2026 00:00:00 +0530 Sat, 28 Feb 2026 08:41:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787233 Reassessment of bank-deposit transactions already examined and finally adjudicated in a completed assessment cannot be initiated on the same material absent fresh, independent tangible material giving rise to reasons to believe; mere change of opinion or re-examination is impermissible. Consequently, notices and proceedings seeking reassessment which rely on identical material as the original assessment are invalid and liable to be quashed, and alternative statutory remedies do not preclude relief where finality of assessment and protection against vexatious double taxation are engaged. Case-Laws Income Tax Tue, 24 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787233