https://www.taxtmi.com/caselaws?id=801758 Reassessment under Sections 147 and 148 following a scrutiny assessment under Section 143(3) is invalid where the loan transaction, repayment, lender identity, creditworthiness and genuineness were already examined on material furnished by the assessee. Reopening on that same material, without a fresh tangible basis, constitutes a change of opinion and cannot support reassessment jurisdiction; the reassessment was quashed. en-us Fri, 03 Jul 2026 00:00:00 +0530 Tue, 27 Oct 2026 08:33:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801758 Reassessment under Sections 147 and 148 following a scrutiny assessment under Section 143(3) is invalid where the loan transaction, repayment, lender identity, creditworthiness and genuineness were already examined on material furnished by the assessee. Reopening on that same material, without a fresh tangible basis, constitutes a change of opinion and cannot support reassessment jurisdiction; the reassessment was quashed. Case-Laws Income Tax Fri, 03 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801758