https://www.taxtmi.com/caselaws?id=280429 The court held that the reassessment under section 147 of the Income-tax Act was invalid as the additions made were not related to the issues mentioned in the recorded reasons for reopening the assessment. The actions of the Assessing Officer were deemed without jurisdiction, leading to the cancellation of the reassessment order. Additionally, the court dismissed the appeal by the Revenue regarding the treatment of unaccounted receipts, emphasizing that reassessment must first address the income that triggered the reopening before considering other issues. en-us Fri, 20 Dec 2013 00:00:00 +0530 Sat, 04 May 2019 17:50:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280429 The court held that the reassessment under section 147 of the Income-tax Act was invalid as the additions made were not related to the issues mentioned in the recorded reasons for reopening the assessment. The actions of the Assessing Officer were deemed without jurisdiction, leading to the cancellation of the reassessment order. Additionally, the court dismissed the appeal by the Revenue regarding the treatment of unaccounted receipts, emphasizing that reassessment must first address the income that triggered the reopening before considering other issues. Case-Laws Income Tax Fri, 20 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280429