https://www.taxtmi.com/caselaws?id=802551 Judicial review of reassessment notices under Article 226 does not extend to assessing the sufficiency of the assessing officer's reasons for believing that income escaped assessment. An active second PAN was used for bank accounts without a return being filed under it, and the financial statements did not identify those accounts. A preliminary verification report treated the information as explained against the first PAN, while the final report flagged possible escaped income under the e-verification scheme. Determining whether the deposits formed part of declared sales requires factual verification. en-us Tue, 29 Sep 2026 00:00:00 +0530 Sat, 07 Nov 2026 08:22:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802551 Judicial review of reassessment notices under Article 226 does not extend to assessing the sufficiency of the assessing officer's reasons for believing that income escaped assessment. An active second PAN was used for bank accounts without a return being filed under it, and the financial statements did not identify those accounts. A preliminary verification report treated the information as explained against the first PAN, while the final report flagged possible escaped income under the e-verification scheme. Determining whether the deposits formed part of declared sales requires factual verification. Case-Laws Income Tax Tue, 29 Sep 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802551