https://www.taxtmi.com/caselaws?id=449253 Delhi HC admitted an appeal questioning whether ITAT erred in restricting reopening assessments under Section 147 to only issues mentioned in original notice. The case involved reopening based on accommodation entry information, but AO made additional Section 68 additions for amounts received from 5 persons not covered in reopening reasons. ITAT held additions could only be made for issues specifically mentioned in Section 147 notice. HC admitted appeal on whether Explanation 3 of Section 147 empowers AO to assess escaped income beyond recorded reasons. en-us Fri, 02 Feb 2024 00:00:00 +0530 Wed, 07 Feb 2024 14:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449253 Delhi HC admitted an appeal questioning whether ITAT erred in restricting reopening assessments under Section 147 to only issues mentioned in original notice. The case involved reopening based on accommodation entry information, but AO made additional Section 68 additions for amounts received from 5 persons not covered in reopening reasons. ITAT held additions could only be made for issues specifically mentioned in Section 147 notice. HC admitted appeal on whether Explanation 3 of Section 147 empowers AO to assess escaped income beyond recorded reasons. Case-Laws Income Tax Fri, 02 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449253