Reassessment Notice Quashed as Revenue Failed to Establish Link Between Assessee & Seized Material

Deepak Chinubhai Shah Vs DCIT (Gujarat High Court) Gujarat High Court Quashes Section 148 Notice Because Seized Document Did Not Match Assessee’s Land Transaction;  Section 148 Reopening Invalid Because Seized Document Referred to Different Date, Seller and Land Status;  Gujarat High Court Rejects Reopening Based Solely on Handwritten Inquiry Register Found During Search;  Section 148 Proceedings Set Aside Because Agricultural Land Was Incorrectly Treated as Non-Agricultural Land;  High Court Holds Mere Suspicion of On-Money Transaction Cannot Justify Income Tax Reopening;  Reassessment...