https://www.taxtmi.com/caselaws?id=790789 Reopening based on share-transaction information already on record at the time of the original assessment under section 143(3) was treated as a mere change of opinion and only a reason to suspect, not a valid reason to believe. The legal point is that reassessment cannot be sustained where the assessee had already made full and true disclosure of the material facts and the recorded reasons do not show any fresh tangible material. In the stated matter, the Special Leave Petition was dismissed. en-us Fri, 24 Apr 2026 00:00:00 +0530 Thu, 30 Apr 2026 07:19:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790789 Reopening based on share-transaction information already on record at the time of the original assessment under section 143(3) was treated as a mere change of opinion and only a reason to suspect, not a valid reason to believe. The legal point is that reassessment cannot be sustained where the assessee had already made full and true disclosure of the material facts and the recorded reasons do not show any fresh tangible material. In the stated matter, the Special Leave Petition was dismissed. Case-Laws Income Tax Fri, 24 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790789