https://www.taxtmi.com/caselaws?id=794928 Fairness in objection proceedings requires subsequent material relevant to the source of funds for share purchases to be considered before objections to reassessment are finally determined. The discussion concerns a non-resident assessee who attributed the acquisition funding to loans from HSBC Geneva and personal funds, while later furnishing detailed documents and annexures in response to statutory assessment notices. Although the initial rejection of objections was not prima facie unsupported on the material then available, the later evidence warranted fresh consideration. The substantive validity of the recorded belief for reopening, and other objections, remained open and were not finally adjudicated. en-us Tue, 07 Jul 2026 00:00:00 +0530 Tue, 14 Jul 2026 08:26:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794928 Fairness in objection proceedings requires subsequent material relevant to the source of funds for share purchases to be considered before objections to reassessment are finally determined. The discussion concerns a non-resident assessee who attributed the acquisition funding to loans from HSBC Geneva and personal funds, while later furnishing detailed documents and annexures in response to statutory assessment notices. Although the initial rejection of objections was not prima facie unsupported on the material then available, the later evidence warranted fresh consideration. The substantive validity of the recorded belief for reopening, and other objections, remained open and were not finally adjudicated. Case-Laws Income Tax Tue, 07 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794928