https://www.taxtmi.com/caselaws?id=467339 Challenge to the assessing officer's jurisdiction to issue a notice under the reassessment provision was rejected where the Section 148A(b) record contained specific transactional material and a recorded prima facie opinion; the court upheld prior dismissal. The court found bank transaction data demonstrating withdrawals that met the statutory asset-threshold for reassessment, so assumption of jurisdiction on that ground stood. The contention of a proposed roving enquiry failed because a prima facie basis was recorded and the assessee was given an opportunity to produce evidence. The review petition was dismissed, leaving the original adjudication intact. en-us Fri, 04 Jul 2025 00:00:00 +0530 Sat, 14 Mar 2026 18:48:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467339 Challenge to the assessing officer's jurisdiction to issue a notice under the reassessment provision was rejected where the Section 148A(b) record contained specific transactional material and a recorded prima facie opinion; the court upheld prior dismissal. The court found bank transaction data demonstrating withdrawals that met the statutory asset-threshold for reassessment, so assumption of jurisdiction on that ground stood. The contention of a proposed roving enquiry failed because a prima facie basis was recorded and the assessee was given an opportunity to produce evidence. The review petition was dismissed, leaving the original adjudication intact. Case-Laws Income Tax Fri, 04 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467339