https://www.taxtmi.com/caselaws?id=794683 Assessment under the Income-tax Act cannot be sustained where the show-cause notice and reassessment proceedings rely on figures and materials from a different assessment year. The HC held that year-specific facts must form the basis of assessment, and the authority must clearly confine itself to the correct assessment year. Because the notice did not explain the variation and the order did not show proper year-wise application of material, the assessment was set aside. The matter was remitted to the Assessing Officer for fresh adjudication after giving the assessee an opportunity to be heard and to produce evidence. en-us Thu, 02 Jul 2026 00:00:00 +0530 Thu, 09 Jul 2026 08:35:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794683 Assessment under the Income-tax Act cannot be sustained where the show-cause notice and reassessment proceedings rely on figures and materials from a different assessment year. The HC held that year-specific facts must form the basis of assessment, and the authority must clearly confine itself to the correct assessment year. Because the notice did not explain the variation and the order did not show proper year-wise application of material, the assessment was set aside. The matter was remitted to the Assessing Officer for fresh adjudication after giving the assessee an opportunity to be heard and to produce evidence. Case-Laws Income Tax Thu, 02 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794683