https://www.taxtmi.com/caselaws?id=467408 Reopening notices under Section 148/147 were held invalid because the Assessing Officer lacked a formed reason to believe: the AO relied on information from a search at a principal contractor and did not apply mind or verify extensive corroborative documents submitted by the assessee (audited accounts, bank statements, project bills, measurement books, VAT declarations and LOIs). The CIT(A) and ITAT found the AO recorded suspicion and factually incorrect figures; information from the searching authority supplied grounds for enquiry only and did not establish escapement of income, so assessments framed consequentially were quashed. en-us Mon, 16 Jun 2025 00:00:00 +0530 Mon, 16 Mar 2026 17:23:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467408 Reopening notices under Section 148/147 were held invalid because the Assessing Officer lacked a formed reason to believe: the AO relied on information from a search at a principal contractor and did not apply mind or verify extensive corroborative documents submitted by the assessee (audited accounts, bank statements, project bills, measurement books, VAT declarations and LOIs). The CIT(A) and ITAT found the AO recorded suspicion and factually incorrect figures; information from the searching authority supplied grounds for enquiry only and did not establish escapement of income, so assessments framed consequentially were quashed. Case-Laws Income Tax Mon, 16 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467408