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Reassessment : Where assessment was sought to be reopened in case of assessee on ground that income of assessee for relevant year had escaped assessment, however, except for a bald statement in reasons to believe escapement of income that assessee had entered into sales/purchase of equity shares with or without actual delivery in recognized Stock Exchange, there were no details provided and there was no live link between material before Assessing Officer and belief which he had to form regarding escapement of income, reopening of assessment being a mere change of opinion was not justified – Vibrant Securities (P.) Ltd. v. Income-tax Officer – [2024] 161 243 (Bombay)



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