https://www.taxtmi.com/caselaws?id=461222 Scope of reassessment under section 147 is examined where the original reopening notice did not result in additions on the recorded grounds, but revision under section 263 directed assessment of another issue involving an allegedly incorrect deduction from book profit. The central question is whether Explanation 3 permits the Assessing Officer to assess or reassess income on an issue not mentioned in the recorded reasons for reopening. The discussion also addresses the relevance of prior authority restricting reassessment to matters connected with the recorded reopening grounds. en-us Mon, 12 Feb 2024 00:00:00 +0530 Fri, 21 Mar 2025 19:21:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461222 Scope of reassessment under section 147 is examined where the original reopening notice did not result in additions on the recorded grounds, but revision under section 263 directed assessment of another issue involving an allegedly incorrect deduction from book profit. The central question is whether Explanation 3 permits the Assessing Officer to assess or reassess income on an issue not mentioned in the recorded reasons for reopening. The discussion also addresses the relevance of prior authority restricting reassessment to matters connected with the recorded reopening grounds. Case-Laws Income Tax Mon, 12 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461222