Indian Tax Courts Reject Reassessment Notices in Separate Income Tax Cases

The Delhi bench of the Income Tax Appellate Tribunal (ITAT) allowed the appeal of taxpayer Ishleen Kaur and quashed reassessment proceedings for Assessment Year 2014-15, ruling that the Assessing Officer had no jurisdiction to reopen the case because the reasons cited were vague and no material directly linked the assessee to alleged bogus long‑term capital gain entries.

The Gujarat High Court set aside a Section 148 reassessment notice for Kantilal Parsetamdas Patel (Assessment Year 2020‑21), holding that a loose paper dated after the land sale could not establish a live link to the alleged cash transaction. The court stressed that revenue must demonstrate a concrete connection between seized material and the assessee before reopening an assessment.