Reopening in the case of Assessee was done based on information available on insight portal regarding accommodation entries and huge cash deposits. The issue before the High Court  was whether a change in the name of the Assessee resulted in loss of jurisdiction. The High Court  held that the Assessee was still within the same territorial jurisdiction. A name change does not automatically divest the AO of his powers. The other issue before the High Court  was whether the AO has ‘reasons to believe’ that income had escaped assessment. The High Court  held that no evidence was referred to while recording reasons and hence the reassessment notice was quashed. SLP dismissed. (AY. 2017-18)