https://www.taxtmi.com/caselaws?id=788350 Reopening of assessment under the Income-tax regime was examined on two linked points: procedural authorisation of a revenue appeal and sufficiency of recorded reasons for reassessment. The tribunal held procedural defects in authorisation were curable and the appeal was maintainable. On merits, recorded reasons specifying persons, dates and deposit quantum, supported by search and survey material, bank records and admissions, established the requisite nexus and reasons to believe that income had escaped assessment; consequently initiation of reassessment was upheld and the quashing of reassessment was set aside. en-us Thu, 05 Feb 2026 00:00:00 +0530 Fri, 20 Mar 2026 08:35:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788350 Reopening of assessment under the Income-tax regime was examined on two linked points: procedural authorisation of a revenue appeal and sufficiency of recorded reasons for reassessment. The tribunal held procedural defects in authorisation were curable and the appeal was maintainable. On merits, recorded reasons specifying persons, dates and deposit quantum, supported by search and survey material, bank records and admissions, established the requisite nexus and reasons to believe that income had escaped assessment; consequently initiation of reassessment was upheld and the quashing of reassessment was set aside. Case-Laws Income Tax Thu, 05 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788350