https://www.taxtmi.com/caselaws?id=472385 Reassessment after a completed scrutiny assessment requires fresh tangible material and the Assessing Officer's independently formed belief that income escaped assessment. Reopening based solely on an audit objection regarding tax deduction on rent payments, where the original scrutiny had considered the financial statements, tax audit report and relevant expense claim, amounts to an impermissible review of an issue already examined. In the absence of new material or independent satisfaction, the reassessment is invalid and the consequential assessment is liable to be quashed. en-us Tue, 22 Apr 2025 00:00:00 +0530 Fri, 09 Oct 2026 21:34:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472385 Reassessment after a completed scrutiny assessment requires fresh tangible material and the Assessing Officer's independently formed belief that income escaped assessment. Reopening based solely on an audit objection regarding tax deduction on rent payments, where the original scrutiny had considered the financial statements, tax audit report and relevant expense claim, amounts to an impermissible review of an issue already examined. In the absence of new material or independent satisfaction, the reassessment is invalid and the consequential assessment is liable to be quashed. Case-Laws Income Tax Tue, 22 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472385