https://www.taxtmi.com/caselaws?id=797077 Reassessment jurisdiction cannot rest on an incorrect and unverified computation of alleged escaped income. The recorded reasons aggregated two underlying figures wrongly, and the taxpayer's response established that the stated escaped-income figure did not arise from the available material. Proceedings had initially been dropped after that response, but a reassessment notice was later issued on the same erroneous basis. The eventual addition was materially different from the figure recorded for reopening, indicating no verified connection between the reasons and the assessment. Reopening based on factually incorrect material without independent verification constitutes non-application of mind and invalid assumption of jurisdiction. en-us Fri, 07 Aug 2026 00:00:00 +0530 Mon, 17 Aug 2026 08:38:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797077 Reassessment jurisdiction cannot rest on an incorrect and unverified computation of alleged escaped income. The recorded reasons aggregated two underlying figures wrongly, and the taxpayer's response established that the stated escaped-income figure did not arise from the available material. Proceedings had initially been dropped after that response, but a reassessment notice was later issued on the same erroneous basis. The eventual addition was materially different from the figure recorded for reopening, indicating no verified connection between the reasons and the assessment. Reopening based on factually incorrect material without independent verification constitutes non-application of mind and invalid assumption of jurisdiction. Case-Laws Income Tax Fri, 07 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797077