https://www.taxtmi.com/caselaws?id=756813 Delhi HC held that once principal grounds for reassessment under Section 147 are dropped, no further additions can be made even through Explanation 3. The court distinguished between validity of reassessment initiation and subsequent assessment powers, ruling that Explanation 3 applies only after valid reassessment initiation. The AO cannot deviate from, supplement, or supplant original reasons for reopening assessment. When accommodation entry issue forming the Section 148 notice basis was dropped, no further additions were permissible. The court answered against the revenue department. en-us Thu, 01 Aug 2024 00:00:00 +0530 Fri, 09 Aug 2024 10:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756813 Delhi HC held that once principal grounds for reassessment under Section 147 are dropped, no further additions can be made even through Explanation 3. The court distinguished between validity of reassessment initiation and subsequent assessment powers, ruling that Explanation 3 applies only after valid reassessment initiation. The AO cannot deviate from, supplement, or supplant original reasons for reopening assessment. When accommodation entry issue forming the Section 148 notice basis was dropped, no further additions were permissible. The court answered against the revenue department. Case-Laws Income Tax Thu, 01 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756813