https://www.taxtmi.com/caselaws?id=800475 Reassessment following a completed scrutiny assessment requires fresh tangible material and cannot rest on a review of the same loan confirmation, bank statements and balance sheet previously examined. Deletion of an addition in search-related assessment proceedings for lack of incriminating material does not prevent available remedial action, but it does not supply fresh material to justify reopening. A reassessment notice served on or after 1 April 2021 under the earlier regime must undergo the Section 148A process: show-cause notice, disclosure of material, consideration of response and a reasoned order before a Section 148 notice. Non-compliance renders reopening procedurally defective. en-us Fri, 25 Sep 2026 00:00:00 +0530 Wed, 07 Oct 2026 08:26:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800475 Reassessment following a completed scrutiny assessment requires fresh tangible material and cannot rest on a review of the same loan confirmation, bank statements and balance sheet previously examined. Deletion of an addition in search-related assessment proceedings for lack of incriminating material does not prevent available remedial action, but it does not supply fresh material to justify reopening. A reassessment notice served on or after 1 April 2021 under the earlier regime must undergo the Section 148A process: show-cause notice, disclosure of material, consideration of response and a reasoned order before a Section 148 notice. Non-compliance renders reopening procedurally defective. Case-Laws Income Tax Fri, 25 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800475