https://www.taxtmi.com/caselaws?id=5242 Under section 33(4) of the Indian Income-tax Act, 1922, the Tribunal's powers were confined to matters arising in the appeal and could not be used to reopen a concluded assessment year or direct reassessment of a year not before it. The Tribunal also could not merge income from two assessment years, apportion it equally, or offset unexplained cash credits by unsupported intangible additions without legally sustainable findings. The legal position reaffirmed that reassessment and inter-year redistribution of income require statutory authority, and that findings on cash credits must rest on reasons and evidence. en-us Fri, 14 Feb 1969 00:00:00 +0530 Sat, 22 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5242 Under section 33(4) of the Indian Income-tax Act, 1922, the Tribunal's powers were confined to matters arising in the appeal and could not be used to reopen a concluded assessment year or direct reassessment of a year not before it. The Tribunal also could not merge income from two assessment years, apportion it equally, or offset unexplained cash credits by unsupported intangible additions without legally sustainable findings. The legal position reaffirmed that reassessment and inter-year redistribution of income require statutory authority, and that findings on cash credits must rest on reasons and evidence. Case-Laws Income Tax Fri, 14 Feb 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5242