https://www.taxtmi.com/caselaws?id=797790 Reassessment of share capital, investments, advances and loans already examined in a completed scrutiny assessment cannot rest solely on an anonymous complaint or a change of opinion where material facts were disclosed and no fresh tangible material exists. A converted reassessment notice must be issued within the surviving statutory limitation period after applicable exclusions and deemed-stay periods. Where proceedings proceed on a three-year limitation basis, extended limitation cannot be invoked without recorded and satisfied conditions; if it applies, approval must come from the statutorily competent specified authority. A notice issued outside the available period or without valid sanction invalidates consequential reassessment proceedings, subject to fresh action otherwise permitted by law. en-us Fri, 20 Mar 2026 00:00:00 +0530 Thu, 27 Aug 2026 08:28:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797790 Reassessment of share capital, investments, advances and loans already examined in a completed scrutiny assessment cannot rest solely on an anonymous complaint or a change of opinion where material facts were disclosed and no fresh tangible material exists. A converted reassessment notice must be issued within the surviving statutory limitation period after applicable exclusions and deemed-stay periods. Where proceedings proceed on a three-year limitation basis, extended limitation cannot be invoked without recorded and satisfied conditions; if it applies, approval must come from the statutorily competent specified authority. A notice issued outside the available period or without valid sanction invalidates consequential reassessment proceedings, subject to fresh action otherwise permitted by law. Case-Laws Income Tax Fri, 20 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797790