https://www.taxtmi.com/caselaws?id=799419 Reassessment jurisdiction under the amended regime requires information suggesting income escapement and approved satisfaction linking seized material to the assessee; an independent enquiry is not required at that stage. Extended limitation cannot be based on gross alleged unrecorded purchases when only the embedded profit is chargeable, the annual threshold is unmet, and separate years cannot be aggregated. Third-party digital tally data cannot constitute entries in the assessee's books, while undisclosed purchases are not an asset for extended reopening. A belated return filed under Section 148 without extension does not require a Section 143(2) notice. Additions resting on untested third-party statements or records fail where requested cross-examination is denied and corroborative evidence is absent. en-us Fri, 24 Jul 2026 00:00:00 +0530 Tue, 22 Sep 2026 08:17:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799419 Reassessment jurisdiction under the amended regime requires information suggesting income escapement and approved satisfaction linking seized material to the assessee; an independent enquiry is not required at that stage. Extended limitation cannot be based on gross alleged unrecorded purchases when only the embedded profit is chargeable, the annual threshold is unmet, and separate years cannot be aggregated. Third-party digital tally data cannot constitute entries in the assessee's books, while undisclosed purchases are not an asset for extended reopening. A belated return filed under Section 148 without extension does not require a Section 143(2) notice. Additions resting on untested third-party statements or records fail where requested cross-examination is denied and corroborative evidence is absent. Case-Laws Income Tax Fri, 24 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799419