https://www.taxtmi.com/caselaws?id=801255 Reassessment beyond three years requires books of account, documents or evidence showing income escapement; an audit objection alone, particularly one reappraising material examined in scrutiny, cannot satisfy this condition or permit review through a change of opinion. Writ jurisdiction remains available for a jurisdictional challenge to a reassessment notice despite an alternative appellate remedy or consequential assessment order. Excise-duty refunds received under an industrial incentive scheme for establishing an undertaking are capital receipts rather than taxable revenue income. Goodwill arising on amalgamation qualifies as a depreciable intangible asset, and an audit-based contrary view without new material cannot support reopening of an earlier allowance. en-us Wed, 14 Oct 2026 00:00:00 +0530 Sat, 17 Oct 2026 05:20:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801255 Reassessment beyond three years requires books of account, documents or evidence showing income escapement; an audit objection alone, particularly one reappraising material examined in scrutiny, cannot satisfy this condition or permit review through a change of opinion. Writ jurisdiction remains available for a jurisdictional challenge to a reassessment notice despite an alternative appellate remedy or consequential assessment order. Excise-duty refunds received under an industrial incentive scheme for establishing an undertaking are capital receipts rather than taxable revenue income. Goodwill arising on amalgamation qualifies as a depreciable intangible asset, and an audit-based contrary view without new material cannot support reopening of an earlier allowance. Case-Laws Income Tax Wed, 14 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801255