https://www.taxtmi.com/article/detailed?id=16108 Correct identification of the counterparty and its current address is essential in tax enquiry and reassessment proceedings. Where the revenue proceeds on information relating to one entity, but the assessee states that transactions were actually with another entity, the authority must verify the correct party and current location before drawing adverse conclusions. If notice and enquiry are issued in the wrong name and the alleged non-existence of the correct entity is never put to the assessee, the proceeding is vulnerable for breach of natural justice and denial of a meaningful opportunity to explain the transactions. en-us Tue, 31 Mar 2026 08:27:42 +0530 Tue, 31 Mar 2026 08:27:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16108 Correct identification of the counterparty and its current address is essential in tax enquiry and reassessment proceedings. Where the revenue proceeds on information relating to one entity, but the assessee states that transactions were actually with another entity, the authority must verify the correct party and current location before drawing adverse conclusions. If notice and enquiry are issued in the wrong name and the alleged non-existence of the correct entity is never put to the assessee, the proceeding is vulnerable for breach of natural justice and denial of a meaningful opportunity to explain the transactions. Articles Other Topics Tue, 31 Mar 2026 08:27:42 +0530 https://www.taxtmi.com/article/detailed?id=16108