https://www.taxtmi.com/caselaws?id=760686 Validity of assessment reopened under section 147/148 was examined with respect to whether the assessing officer may make additions not founded on the grounds stated in the reopening notice; the court found the controversy is governed by existing High Court precedent that constrains the AO's power when the reassessment basis does not disclose income, and concluded the legal position favors the taxpayer, applying prior decisions as binding guidance for excluding additions beyond the stated grounds. en-us Wed, 16 Oct 2024 00:00:00 +0530 Mon, 09 Feb 2026 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760686 Validity of assessment reopened under section 147/148 was examined with respect to whether the assessing officer may make additions not founded on the grounds stated in the reopening notice; the court found the controversy is governed by existing High Court precedent that constrains the AO's power when the reassessment basis does not disclose income, and concluded the legal position favors the taxpayer, applying prior decisions as binding guidance for excluding additions beyond the stated grounds. Case-Laws Income Tax Wed, 16 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760686