https://www.taxtmi.com/caselaws?id=794615 Reassessment under sections 148A and 148 requires disclosure of the material relied upon so that the assessee can give an effective response. Risk-management-system or investigation-wing inputs cannot alone support reopening without independent verification, corroboration, a live nexus, and a reasoned consideration of objections. Additions for unexplained money or expenditure based on third-party papers, loose sheets, statements, or search material require supporting evidence and an opportunity to cross-examine relied-upon persons; the presumption for seized material does not apply against an unrelated third party. Reassessment notices issued beyond the applicable limitation periods are invalid unless the statutory conditions for extended limitation are met. en-us Wed, 01 Jul 2026 00:00:00 +0530 Wed, 08 Jul 2026 09:08:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794615 Reassessment under sections 148A and 148 requires disclosure of the material relied upon so that the assessee can give an effective response. Risk-management-system or investigation-wing inputs cannot alone support reopening without independent verification, corroboration, a live nexus, and a reasoned consideration of objections. Additions for unexplained money or expenditure based on third-party papers, loose sheets, statements, or search material require supporting evidence and an opportunity to cross-examine relied-upon persons; the presumption for seized material does not apply against an unrelated third party. Reassessment notices issued beyond the applicable limitation periods are invalid unless the statutory conditions for extended limitation are met. Case-Laws Income Tax Wed, 01 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794615