High Court Quashes Reassessment Based on Presumed On-Money from Sister Concern:

High Court Quashes Reassessment Based on Presumed On-Money from Sister Concern

Reassessment invalid as reopening relied solely on presumptions without evidence against the assessee company.

Section 148 reopening cannot rest on assumptions about sister concern transactions

authorMeetu KumaridateJul 16, 2026
Last update on Jul 16, 2026
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High Court Quashes Reassessment Based on Presumed On-Money from Sister Concern

Reassessment invalid as reopening relied solely on presumptions without evidence against the assessee company.

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Meetu Kumari is an Experienced Advocate and Content Writer with 4+ years of demonstrated history of working in the law practice industry. Skilled in Developing Content, Researching, and Drafting. Strong professional with a Bachelor of Science (B.Sc.) focused on Law from Gujarat National Law University.
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