https://www.taxtmi.com/caselaws?id=801724 Section 148A requires disclosure of the definite information, computations and material proposed to support reassessment, together with a reasonable opportunity for the assessee to respond before a determination is made. Bank credits cannot automatically be treated as undisclosed turnover without disclosing the underlying computation and supporting material. Adverse allegations concerning fund parking, unsecured loans, expenses or accounting practices cannot be introduced in the determination if they were absent from the show-cause notice. Reassessment initiation based on undisclosed material or new propositions amounts to a roving enquiry and requires reconsideration after proper disclosure and opportunity. en-us Wed, 07 Oct 2026 00:00:00 +0530 Mon, 26 Oct 2026 08:05:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801724 Section 148A requires disclosure of the definite information, computations and material proposed to support reassessment, together with a reasonable opportunity for the assessee to respond before a determination is made. Bank credits cannot automatically be treated as undisclosed turnover without disclosing the underlying computation and supporting material. Adverse allegations concerning fund parking, unsecured loans, expenses or accounting practices cannot be introduced in the determination if they were absent from the show-cause notice. Reassessment initiation based on undisclosed material or new propositions amounts to a roving enquiry and requires reconsideration after proper disclosure and opportunity. Case-Laws Income Tax Wed, 07 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801724