https://www.taxtmi.com/caselaws?id=798238 Reassessment under Sections 148A and 148 requires verified material directly linking the assessee to alleged escaped income. An undated complaint that was not investigated, unsupported cash-receipt imagery, and data recovered from the phone of an employee of an unrelated entity do not establish that nexus. Statements recorded later that do not support the alleged cash transaction further weaken the basis for reopening. Reassessment founded on such unverified material, surmises and conjectures lacks a valid foundation. en-us Thu, 16 Jul 2026 00:00:00 +0530 Thu, 03 Sep 2026 08:20:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=798238 Reassessment under Sections 148A and 148 requires verified material directly linking the assessee to alleged escaped income. An undated complaint that was not investigated, unsupported cash-receipt imagery, and data recovered from the phone of an employee of an unrelated entity do not establish that nexus. Statements recorded later that do not support the alleged cash transaction further weaken the basis for reopening. Reassessment founded on such unverified material, surmises and conjectures lacks a valid foundation. Case-Laws Income Tax Thu, 16 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=798238