https://www.taxtmi.com/caselaws?id=762398 Reopening of a concluded assessment is permissible only where the assessing officer has a bona fide reason to believe income escaped assessment; therefore reassessment must be confined to that basis and cannot be expansively used to make unrelated additions. The retrospective explanatory provision clarified that issues noticed after reasons are relevant to assessment, but it does not permit assessing other incomes where no addition arises from the original reasons for reopening. A strict, plain language construction of the reopening power is required and the appellate court found no substantial question of law arising from these principles. Parties are anonymised. en-us Tue, 12 Nov 2024 00:00:00 +0530 Mon, 09 Feb 2026 17:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762398 Reopening of a concluded assessment is permissible only where the assessing officer has a bona fide reason to believe income escaped assessment; therefore reassessment must be confined to that basis and cannot be expansively used to make unrelated additions. The retrospective explanatory provision clarified that issues noticed after reasons are relevant to assessment, but it does not permit assessing other incomes where no addition arises from the original reasons for reopening. A strict, plain language construction of the reopening power is required and the appellate court found no substantial question of law arising from these principles. Parties are anonymised. Case-Laws Income Tax Tue, 12 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762398