https://www.taxtmi.com/caselaws?id=796827 Reassessment cannot rest on an alleged payment made during the relevant assessment year when the undisputed ledger evidence shows that the amount was merely an opening balance and no payment occurred in that year. An erroneous factual premise provides no basis to infer escaped income or to reopen a completed scrutiny assessment. The reassessment notice was therefore invalid and quashed in favour of the assessee. en-us Mon, 03 Aug 2026 00:00:00 +0530 Tue, 11 Aug 2026 08:47:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796827 Reassessment cannot rest on an alleged payment made during the relevant assessment year when the undisputed ledger evidence shows that the amount was merely an opening balance and no payment occurred in that year. An erroneous factual premise provides no basis to infer escaped income or to reopen a completed scrutiny assessment. The reassessment notice was therefore invalid and quashed in favour of the assessee. Case-Laws Income Tax Mon, 03 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796827