https://www.taxtmi.com/caselaws?id=756823 The ITAT Mumbai ruled that reassessment proceedings were invalid where the AO made additions on grounds different from those recorded for reopening the case. The AO had reopened assessment based on certain reasons but subsequently made a 3% addition treating payments as unexplained expenditure rather than commission as originally believed. Following the Jet Airways precedent, the tribunal held that additions cannot be made on different grounds than those justifying reopening, involving changes in both quantum and nature of the addition. The appellant's challenge to the reassessment validity was allowed. en-us Tue, 30 Jan 2024 00:00:00 +0530 Sat, 10 Aug 2024 09:04:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756823 The ITAT Mumbai ruled that reassessment proceedings were invalid where the AO made additions on grounds different from those recorded for reopening the case. The AO had reopened assessment based on certain reasons but subsequently made a 3% addition treating payments as unexplained expenditure rather than commission as originally believed. Following the Jet Airways precedent, the tribunal held that additions cannot be made on different grounds than those justifying reopening, involving changes in both quantum and nature of the addition. The appellant's challenge to the reassessment validity was allowed. Case-Laws Income Tax Tue, 30 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756823