https://www.taxtmi.com/highlights?id=104592 Reassessment proceedings alleging bogus purchases require the Assessing Officer to decide objections to reopening through a separate speaking order and communicate it before completing reassessment. Incorporating the response to those objections only in the reassessment order does not satisfy this mandatory procedure and makes the assumption of jurisdiction unsustainable. Reassessments for the relevant assessment years were therefore quashed, while challenges to the alleged bogus-purchase additions became infructuous. Remand was declined because restoring jurisdictionally invalid proceedings would revive stale matters; the Revenue may proceed in accordance with law. en-us Tue, 06 Oct 2026 08:13:52 +0530 Tue, 06 Oct 2026 08:13:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=104592 Reassessment proceedings alleging bogus purchases require the Assessing Officer to decide objections to reopening through a separate speaking order and communicate it before completing reassessment. Incorporating the response to those objections only in the reassessment order does not satisfy this mandatory procedure and makes the assumption of jurisdiction unsustainable. Reassessments for the relevant assessment years were therefore quashed, while challenges to the alleged bogus-purchase additions became infructuous. Remand was declined because restoring jurisdictionally invalid proceedings would revive stale matters; the Revenue may proceed in accordance with law. Highlights Income Tax Tue, 06 Oct 2026 08:13:52 +0530 https://www.taxtmi.com/highlights?id=104592