https://www.taxtmi.com/caselaws?id=794685 Reassessment reopening under Section 148 was held unsustainable because the seized inquiry register entry did not establish a live nexus with the assessee or provide relevant information suggesting escapement of income. The entry pre-dated the assessee's purchase, referred to land available for sale rather than the assessee's transaction, covered a larger survey number than the portion purchased, and named an unrelated person. The broker's statement also indicated that such registers merely reflected asking rates or market survey details. In the absence of direct or indirect linkage between the seized material and the assessee, the jurisdictional basis for reopening was not made out. en-us Mon, 06 Jul 2026 00:00:00 +0530 Thu, 09 Jul 2026 08:35:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794685 Reassessment reopening under Section 148 was held unsustainable because the seized inquiry register entry did not establish a live nexus with the assessee or provide relevant information suggesting escapement of income. The entry pre-dated the assessee's purchase, referred to land available for sale rather than the assessee's transaction, covered a larger survey number than the portion purchased, and named an unrelated person. The broker's statement also indicated that such registers merely reflected asking rates or market survey details. In the absence of direct or indirect linkage between the seized material and the assessee, the jurisdictional basis for reopening was not made out. Case-Laws Income Tax Mon, 06 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794685