https://www.taxtmi.com/caselaws?id=790567 A notice issued under section 148 of the Income-tax Act, 1961 was quashed because the reopening rested on a seized inquiry register entry that did not establish any live nexus with the assessee. The entry predated the assessee's purchase, covered different survey numbers and a much larger area, and named a third person. The broker's statement also showed the register contained details of land or plots available for sale, which weakened reliance on the presumption under section 292C. On these facts, the material disclosed only conjecture and not information suggesting escapement of income, so the reopening was invalid. en-us Wed, 15 Apr 2026 00:00:00 +0530 Mon, 27 Apr 2026 08:21:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790567 A notice issued under section 148 of the Income-tax Act, 1961 was quashed because the reopening rested on a seized inquiry register entry that did not establish any live nexus with the assessee. The entry predated the assessee's purchase, covered different survey numbers and a much larger area, and named a third person. The broker's statement also showed the register contained details of land or plots available for sale, which weakened reliance on the presumption under section 292C. On these facts, the material disclosed only conjecture and not information suggesting escapement of income, so the reopening was invalid. Case-Laws Income Tax Wed, 15 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790567