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of <h1>Assessing Officer Can Reassess Escaped Income and Additional Income Found, Even Without Initial Section 148A Process.</h1> If an assessee's income has escaped assessment for any assessment year, the Assessing Officer can assess or reassess this income, along with any other income that comes to notice during the proceedings, as per sections 148 to 153. This includes recomputing losses or allowances. Once the process of assessment, reassessment, or recomputation begins, the officer can address any escaped income identified during the proceedings, even if the procedure under section 148A was not initially followed before issuing a notice for such income.
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