https://www.taxtmi.com/caselaws?id=469047 Reopening of an assessment processed under section 143(1) remains valid where the AO has reason to believe income has escaped assessment, and the absence of fresh material by itself does not invalidate reassessment; the challenge to reopening therefore failed. An addition based on alleged bogus purchases could not be finally sustained where the assessee was denied an effective opportunity to cross-examine the entry providers whose statements were relied upon, so the matter was remanded to the AO for fresh adjudication after cross-examination and production of supporting evidence. en-us Wed, 16 May 2018 00:00:00 +0530 Mon, 01 Jun 2026 11:47:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469047 Reopening of an assessment processed under section 143(1) remains valid where the AO has reason to believe income has escaped assessment, and the absence of fresh material by itself does not invalidate reassessment; the challenge to reopening therefore failed. An addition based on alleged bogus purchases could not be finally sustained where the assessee was denied an effective opportunity to cross-examine the entry providers whose statements were relied upon, so the matter was remanded to the AO for fresh adjudication after cross-examination and production of supporting evidence. Case-Laws Income Tax Wed, 16 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469047