https://www.taxtmi.com/caselaws?id=799864 Reassessment of an investor cannot rest solely on allegations that a mutual fund manager manipulated accounting methodology. The Assessing Officer must possess information establishing a rational nexus or live link between those allegations and the investor's own escaped income, including material connecting the investor to a sham arrangement or fictitious loss. Where no material showed the investor's knowing participation and binding coordinate precedent governed the identical issue, the reassessment notice under Section 148 and the order under Section 148A(d) were quashed. en-us Wed, 23 Sep 2026 00:00:00 +0530 Mon, 28 Sep 2026 08:12:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799864 Reassessment of an investor cannot rest solely on allegations that a mutual fund manager manipulated accounting methodology. The Assessing Officer must possess information establishing a rational nexus or live link between those allegations and the investor's own escaped income, including material connecting the investor to a sham arrangement or fictitious loss. Where no material showed the investor's knowing participation and binding coordinate precedent governed the identical issue, the reassessment notice under Section 148 and the order under Section 148A(d) were quashed. Case-Laws Income Tax Wed, 23 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799864