https://www.taxtmi.com/caselaws?id=794933 Reopening an assessment under Section 148 of the Income-tax Act, 1961 requires a factual nexus between the information relied upon and the taxpayer sought to be reassessed. The material described here referred to Royal Arcade Private as the alleged beneficiary, while no evidence was identified linking that entity to the petitioner or establishing that both were the same. The taxpayer's foundational objection was not addressed in the objections order, and the reply affidavit did not establish the missing connection. The legal discussion therefore treats the reassessment notice for A.Y. 2012-13 as lacking the necessary factual basis and records its quashing in favour of the assessee. en-us Wed, 08 Jul 2026 00:00:00 +0530 Tue, 14 Jul 2026 08:26:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794933 Reopening an assessment under Section 148 of the Income-tax Act, 1961 requires a factual nexus between the information relied upon and the taxpayer sought to be reassessed. The material described here referred to Royal Arcade Private as the alleged beneficiary, while no evidence was identified linking that entity to the petitioner or establishing that both were the same. The taxpayer's foundational objection was not addressed in the objections order, and the reply affidavit did not establish the missing connection. The legal discussion therefore treats the reassessment notice for A.Y. 2012-13 as lacking the necessary factual basis and records its quashing in favour of the assessee. Case-Laws Income Tax Wed, 08 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794933