https://www.taxtmi.com/caselaws?id=789422 Reassessment under the Income-tax Act was unsustainable where reopening rested on GST cancellation allegations that had already been set aside in appellate proceedings. The appellate GST finding restored registration and negated any fraudulent input tax credit claim, making it material to the question of income escapement. Because the reassessing authority issued notice under Section 148A and the consequential notice under Section 148 without considering that decisive exculpatory material, and no independent basis for reopening was shown, the impugned reassessment action was quashed. en-us Mon, 23 Mar 2026 00:00:00 +0530 Wed, 08 Apr 2026 08:56:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789422 Reassessment under the Income-tax Act was unsustainable where reopening rested on GST cancellation allegations that had already been set aside in appellate proceedings. The appellate GST finding restored registration and negated any fraudulent input tax credit claim, making it material to the question of income escapement. Because the reassessing authority issued notice under Section 148A and the consequential notice under Section 148 without considering that decisive exculpatory material, and no independent basis for reopening was shown, the impugned reassessment action was quashed. Case-Laws Income Tax Mon, 23 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789422