https://www.taxtmi.com/caselaws?id=767655 The ITAT Delhi held that reassessment under section 147 must be confined to items specifically mentioned by the AO when forming the opinion that income had escaped assessment. Following the Delhi HC precedents in Ranbaxy Laboratories Ltd. and Mideast Integrated Steels Ltd., the tribunal ruled that no additions can be made on other issues for which reasons were not recorded while issuing notice under section 148, unless additions are made on the original grounds for reopening. The appeal was decided in favor of the assessee. en-us Wed, 19 Mar 2025 00:00:00 +0530 Sat, 22 Mar 2025 08:33:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767655 The ITAT Delhi held that reassessment under section 147 must be confined to items specifically mentioned by the AO when forming the opinion that income had escaped assessment. Following the Delhi HC precedents in Ranbaxy Laboratories Ltd. and Mideast Integrated Steels Ltd., the tribunal ruled that no additions can be made on other issues for which reasons were not recorded while issuing notice under section 148, unless additions are made on the original grounds for reopening. The appeal was decided in favor of the assessee. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767655