https://www.taxtmi.com/caselaws?id=799957 Reassessment proceedings cannot rest solely on unverified Insight portal information where the notice and order disclose no transaction or material linking the alleged escaped income to the assessee. Reuse of the same alleged amount in proceedings against multiple ceramic dealers, without supplying or independently verifying the underlying material, did not establish the required nexus or application of mind. A roving and fishing inquiry cannot justify reassessment. The High Court quashed the reassessment notice and the order treating issuance of notice as a fit case. en-us Mon, 21 Sep 2026 00:00:00 +0530 Tue, 29 Sep 2026 08:34:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799957 Reassessment proceedings cannot rest solely on unverified Insight portal information where the notice and order disclose no transaction or material linking the alleged escaped income to the assessee. Reuse of the same alleged amount in proceedings against multiple ceramic dealers, without supplying or independently verifying the underlying material, did not establish the required nexus or application of mind. A roving and fishing inquiry cannot justify reassessment. The High Court quashed the reassessment notice and the order treating issuance of notice as a fit case. Case-Laws Income Tax Mon, 21 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799957