https://www.taxtmi.com/caselaws?id=469923 Section 148 reopening based on search material requires prima facie information with a live link to the assessee's alleged escapement of income. The HC held that vague or non-specific seized material cannot sustain reassessment, especially where the relied-upon loose paper was dated after the sale deed, the Section 131 statement did not name the assessee, and no direct connection to the transaction was shown. As the revenue sought to apply the information retrospectively to an earlier sale without a concrete basis, the reopening notice was quashed. en-us Wed, 08 Apr 2026 00:00:00 +0530 Wed, 08 Jul 2026 20:43:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469923 Section 148 reopening based on search material requires prima facie information with a live link to the assessee's alleged escapement of income. The HC held that vague or non-specific seized material cannot sustain reassessment, especially where the relied-upon loose paper was dated after the sale deed, the Section 131 statement did not name the assessee, and no direct connection to the transaction was shown. As the revenue sought to apply the information retrospectively to an earlier sale without a concrete basis, the reopening notice was quashed. Case-Laws Income Tax Wed, 08 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469923