https://www.taxtmi.com/caselaws?id=799371 Reassessment jurisdiction under Section 147 read with Section 148 requires a reason to believe founded on existing and correct material. Where recorded reasons rely on Form 26AS receipt figures materially higher than the actual reported receipts, the foundational factual premise is incorrect and non-existent. The notice initiating reassessment and the consequential reassessment order are therefore void ab initio for lack of valid jurisdiction. en-us Wed, 29 Jul 2026 00:00:00 +0530 Mon, 21 Sep 2026 08:57:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799371 Reassessment jurisdiction under Section 147 read with Section 148 requires a reason to believe founded on existing and correct material. Where recorded reasons rely on Form 26AS receipt figures materially higher than the actual reported receipts, the foundational factual premise is incorrect and non-existent. The notice initiating reassessment and the consequential reassessment order are therefore void ab initio for lack of valid jurisdiction. Case-Laws Income Tax Wed, 29 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799371