https://www.taxtmi.com/caselaws?id=422897 The Tribunal set aside the assessment as unsustainable in law due to the assessing officer's improper addition of Rs.63,00,000 under a different provision than the one mentioned in the notice for reassessment. The Tribunal emphasized that the AO cannot independently assess income under a different issue without issuing a fresh notice. Additionally, the Tribunal quashed the assessment, citing legal precedents that prohibit additions on issues not part of the reasons for reassessment without a fresh notice, thereby ruling in favor of the assessee. en-us Mon, 23 May 2022 00:00:00 +0530 Wed, 25 May 2022 09:09:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422897 The Tribunal set aside the assessment as unsustainable in law due to the assessing officer's improper addition of Rs.63,00,000 under a different provision than the one mentioned in the notice for reassessment. The Tribunal emphasized that the AO cannot independently assess income under a different issue without issuing a fresh notice. Additionally, the Tribunal quashed the assessment, citing legal precedents that prohibit additions on issues not part of the reasons for reassessment without a fresh notice, thereby ruling in favor of the assessee. Case-Laws Income Tax Mon, 23 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422897