ONCE THE PRINCIPAL GROUNDS, ON WHICH REASSESSMENT WAS PROPOSED, ARE DROPPED NO FURTHER ADDITIONS CAN BE MADE

ONCE THE PRINCIPAL GROUNDS, ON WHICH REASSESSMENT WAS PROPOSED, ARE DROPPED NO FURTHER ADDITIONS CAN BE MADE https://www.taxtmi.com/article/detailed?id=12860 Where reassessment is reopened on a specific reason and that reason is later dropped, the Assessing Officer cannot sustain independent additions on unrelated issues in the same reopened proceedings; the exercise of reassessment power must remain confined to issues connected to the reasons recorded for reopening, and Explanation Three does not authorize substituting or expanding scope once the principal subject-matter has been negated. en-us Wed, 21 Aug 2024 10:15:21 +0530 Wed, 21 Aug 2024 10:15:21 +0530 TaxTMI RSS Generator ONCE THE PRINCIPAL GROUNDS, ON WHICH REASSESSMENT WAS PROPOSED, ARE DROPPED NO FURTHER ADDITIONS CAN BE MADE https://www.taxtmi.com/article/detailed?id=12860 Where reassessment is reopened on a specific reason and that reason is later dropped, the Assessing Officer cannot sustain independent additions on unrelated issues in the same reopened proceedings; the exercise of reassessment power must remain confined to issues connected to the reasons recorded for reopening, and Explanation Three does not authorize substituting or expanding scope once the principal subject-matter has been negated. Articles Income Tax Wed, 21 Aug 2024 10:15:21 +0530 https://www.taxtmi.com/article/detailed?id=12860