https://www.taxtmi.com/caselaws?id=799861 Reassessment cannot be initiated solely on unverified Insight portal information suggesting possible income escapement. Verified material must establish a nexus between the assessee and the alleged transaction, and the record must demonstrate application of mind. Where notices and orders disclose no transaction details, attribute identical alleged income to multiple taxpayers, fail to quantify the assessee's alleged benefit, and do not supply or verify the underlying information, reassessment amounts to an impermissible roving and fishing inquiry. Such reassessment initiation is invalid for lack of material linking the assessee to the alleged escaped income. en-us Mon, 21 Sep 2026 00:00:00 +0530 Mon, 28 Sep 2026 08:12:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799861 Reassessment cannot be initiated solely on unverified Insight portal information suggesting possible income escapement. Verified material must establish a nexus between the assessee and the alleged transaction, and the record must demonstrate application of mind. Where notices and orders disclose no transaction details, attribute identical alleged income to multiple taxpayers, fail to quantify the assessee's alleged benefit, and do not supply or verify the underlying information, reassessment amounts to an impermissible roving and fishing inquiry. Such reassessment initiation is invalid for lack of material linking the assessee to the alleged escaped income. Case-Laws Income Tax Mon, 21 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799861