https://www.taxtmi.com/caselaws?id=793183 Reopening under section 148 failed where the material relied on was a loose paper referring to an unrelated third party, without the assessee's name, signature, or any direct or indirect link to the assessee. The record also did not connect the entities named in the satisfaction note to the assessee, and the sale deed showed that the land sold was agricultural land, not non-agricultural land as assumed in the loose paper. On that basis, the court treated the reopening as resting on conjecture rather than legally sustainable material and quashed the notice and the consequential reassessment order. en-us Mon, 08 Jun 2026 00:00:00 +0530 Wed, 10 Jun 2026 07:26:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793183 Reopening under section 148 failed where the material relied on was a loose paper referring to an unrelated third party, without the assessee's name, signature, or any direct or indirect link to the assessee. The record also did not connect the entities named in the satisfaction note to the assessee, and the sale deed showed that the land sold was agricultural land, not non-agricultural land as assumed in the loose paper. On that basis, the court treated the reopening as resting on conjecture rather than legally sustainable material and quashed the notice and the consequential reassessment order. Case-Laws Income Tax Mon, 08 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793183