Reason to Believe

Income Tax

No Nexus, No Reopening: ITAT Sets Aside Assessment | Biz Flow Kit
Byadmin May 8, 2026

No Nexus, No Reopening: ITAT Sets Aside Assessment The assessee is an individual who made a declaration of income in his return for AY 2014-15, which was assessed under section 143(1). After that, the assessing officer opened an assessment of the assessee under section 147, taking notice of certain additions made in remand proceedings for…

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Income Tax

Income Tax Reopening Based on External Input Set Aside; SC Refuses Interference | Biz Flow Kit
Byadmin May 5, 2026

Income Tax Reopening Based on External Input Set Aside; SC Refuses Interference In this case, the High Court addressed the validity of reopening tax assessments based on external “departmental information” that contradicts a taxpayer’s documented financial records. The dispute began when the Revenue Department issued a reassessment notice under Section 148 for the 2019–20 assessment…

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