https://www.taxtmi.com/caselaws?id=790789 Reassessment can be invalid where the recorded reasons show only a change of opinion or a mere reason to suspect, and where the material relied on was already on record during the original assessment under section 143(3). On the facts described, information about the assessee's share transactions had already been disclosed, so reopening could not be sustained on that basis. The text also notes that, arising from the same impugned order, another Special Leave Petition had already been dismissed, and this Special Leave Petition was dismissed accordingly. en-us Fri, 24 Apr 2026 00:00:00 +0530 Thu, 30 Apr 2026 07:19:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790789 Reassessment can be invalid where the recorded reasons show only a change of opinion or a mere reason to suspect, and where the material relied on was already on record during the original assessment under section 143(3). On the facts described, information about the assessee's share transactions had already been disclosed, so reopening could not be sustained on that basis. The text also notes that, arising from the same impugned order, another Special Leave Petition had already been dismissed, and this Special Leave Petition was dismissed accordingly. Case-Laws Income Tax Fri, 24 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790789