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ITAT ruled against the validity of reassessment proceedings where additions were made under section 41(1) for remission/cessation of liability. While the original notice under section 148 pertained to unexplained bank credits, the Assessing Officer made additions regarding creditor liabilities without issuing a fresh notice. The tribunal held that the AO exceeded jurisdiction by making additions unrelated to the recorded reasons for reopening. Since the AO failed to issue a mandatory fresh notice under section 148 for the new issue of creditor liability, the addition under section 41(1) was deemed legally unsustainable. The tribunal allowed the assessee's grounds challenging the jurisdictional validity of the additions.