https://www.taxtmi.com/caselaws?id=791283 Reopening proceedings were challenged on the ground that the belief of escaped income was based on borrowed satisfaction rather than independent satisfaction, and that there was no intelligible nexus between the material relied on and a reasonable belief that income had escaped assessment. The High Court found the reopening unsustainable on that basis, and the Supreme Court declined to interfere, leaving that result in place. The dispute concerned disallowances of expenses linked to purchases treated as bogus. en-us Wed, 06 May 2026 00:00:00 +0530 Fri, 08 May 2026 07:30:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791283 Reopening proceedings were challenged on the ground that the belief of escaped income was based on borrowed satisfaction rather than independent satisfaction, and that there was no intelligible nexus between the material relied on and a reasonable belief that income had escaped assessment. The High Court found the reopening unsustainable on that basis, and the Supreme Court declined to interfere, leaving that result in place. The dispute concerned disallowances of expenses linked to purchases treated as bogus. Case-Laws Income Tax Wed, 06 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791283