https://www.taxtmi.com/caselaws?id=798239 Reassessment following a completed scrutiny assessment cannot be initiated merely from bank-credit information that was already furnished, queried and examined during the original proceedings. Detailed requisitions for bank-account particulars and statements, followed by acceptance of returned income, indicate conscious consideration of cash deposits and related RTGS transactions. Portal information repeating those records does not establish income escaping assessment. A successor Assessing Officer cannot reopen an examined transaction solely on a different view. Recorded reasons must disclose the completed scrutiny assessment, identify previously undisclosed transactions, and support any allegation that full and true disclosure was not made. Without those jurisdictional facts, reassessment and the consequential demand lack legal basis. en-us Fri, 24 Jul 2026 00:00:00 +0530 Thu, 03 Sep 2026 08:20:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798239 Reassessment following a completed scrutiny assessment cannot be initiated merely from bank-credit information that was already furnished, queried and examined during the original proceedings. Detailed requisitions for bank-account particulars and statements, followed by acceptance of returned income, indicate conscious consideration of cash deposits and related RTGS transactions. Portal information repeating those records does not establish income escaping assessment. A successor Assessing Officer cannot reopen an examined transaction solely on a different view. Recorded reasons must disclose the completed scrutiny assessment, identify previously undisclosed transactions, and support any allegation that full and true disclosure was not made. Without those jurisdictional facts, reassessment and the consequential demand lack legal basis. Case-Laws Income Tax Fri, 24 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798239