https://www.taxtmi.com/caselaws?id=471702 Reassessment founded principally on a tax evasion petition requires the Assessing Officer to independently examine the allegations and disclose the supporting material to the assessee. Where regular assessments were already completed, reliance on undisclosed petition material without addressing the assessee's explanation on the source and timing of share-capital investment did not meet these requirements. The reassessment order and consequential notice were set aside for fresh consideration after full disclosure of relevant material, personal hearing, opportunity to address any fresh material, and a reasoned order. en-us Wed, 25 Jan 2023 00:00:00 +0530 Tue, 15 Sep 2026 12:36:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471702 Reassessment founded principally on a tax evasion petition requires the Assessing Officer to independently examine the allegations and disclose the supporting material to the assessee. Where regular assessments were already completed, reliance on undisclosed petition material without addressing the assessee's explanation on the source and timing of share-capital investment did not meet these requirements. The reassessment order and consequential notice were set aside for fresh consideration after full disclosure of relevant material, personal hearing, opportunity to address any fresh material, and a reasoned order. Case-Laws Income Tax Wed, 25 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471702