https://www.taxtmi.com/caselaws?id=799841 Reassessment beyond four years after a completed scrutiny assessment requires recorded reasons that independently establish tangible material indicating income escapement and the taxpayer's failure to make full and true disclosure of material facts. Reasons must stand alone and cannot be supplemented subsequently. Where the original assessment obtained shareholder identities, PANs, confirmations and banking details, alleged accommodation-entry information must reliably link the identified shareholder to the purported entry provider. Shareholders' non-compliance with summons does not cure deficient recorded reasons. Reopening lacked both tangible material and an identified disclosure failure, rendering the reassessment void ab initio. en-us Thu, 17 Sep 2026 00:00:00 +0530 Mon, 28 Sep 2026 08:12:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799841 Reassessment beyond four years after a completed scrutiny assessment requires recorded reasons that independently establish tangible material indicating income escapement and the taxpayer's failure to make full and true disclosure of material facts. Reasons must stand alone and cannot be supplemented subsequently. Where the original assessment obtained shareholder identities, PANs, confirmations and banking details, alleged accommodation-entry information must reliably link the identified shareholder to the purported entry provider. Shareholders' non-compliance with summons does not cure deficient recorded reasons. Reopening lacked both tangible material and an identified disclosure failure, rendering the reassessment void ab initio. Case-Laws Income Tax Thu, 17 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799841