https://www.taxtmi.com/caselaws?id=344213 The High Court held that the Assessing Officer's additions during reassessment were invalid as they were unrelated to the reasons for reopening the assessment. The jurisdiction of the AO was questioned due to discrepancies between the reasons recorded and the actual additions made. The disallowance of expenses and unexplained share application money lacked a valid basis for reassessment. Consequently, the reassessment order was set aside, and all additions were deleted. The court allowed the assessee's appeals for the assessment years in question. en-us Wed, 07 Jun 2017 00:00:00 +0530 Mon, 12 Jun 2017 08:55:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344213 The High Court held that the Assessing Officer's additions during reassessment were invalid as they were unrelated to the reasons for reopening the assessment. The jurisdiction of the AO was questioned due to discrepancies between the reasons recorded and the actual additions made. The disallowance of expenses and unexplained share application money lacked a valid basis for reassessment. Consequently, the reassessment order was set aside, and all additions were deleted. The court allowed the assessee's appeals for the assessment years in question. Case-Laws Income Tax Wed, 07 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344213