https://www.taxtmi.com/caselaws?id=472384 Reopening of assessment under section 147 based on client code modification information requires recorded reasons identifying the assessee's transactions and showing independent evaluation. Mere reproduction of investigation-wing information and an assertion of escaped income are cryptic and vague, indicating non-application of mind. On that basis, the section 147 reopening and consequential assessment under section 143(3) were quashed. en-us Mon, 21 Apr 2025 00:00:00 +0530 Fri, 09 Oct 2026 21:34:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472384 Reopening of assessment under section 147 based on client code modification information requires recorded reasons identifying the assessee's transactions and showing independent evaluation. Mere reproduction of investigation-wing information and an assertion of escaped income are cryptic and vague, indicating non-application of mind. On that basis, the section 147 reopening and consequential assessment under section 143(3) were quashed. Case-Laws Income Tax Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472384