https://www.taxtmi.com/caselaws?id=768620 Reassessment based on cash deposits in a bank account failed where the Assessing Officer did not tax that very income and instead made additions on different balance sheet and profit and loss account items. The applied jurisdictional principle was that, once the recorded reason for reopening is either explained or not brought to tax, the Assessing Officer cannot assess other items in the same reassessment proceedings. On that ground, the reassessment was held unsustainable and the assessee succeeded. en-us Mon, 10 Mar 2025 00:00:00 +0530 Thu, 02 Jul 2026 11:19:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768620 Reassessment based on cash deposits in a bank account failed where the Assessing Officer did not tax that very income and instead made additions on different balance sheet and profit and loss account items. The applied jurisdictional principle was that, once the recorded reason for reopening is either explained or not brought to tax, the Assessing Officer cannot assess other items in the same reassessment proceedings. On that ground, the reassessment was held unsustainable and the assessee succeeded. Case-Laws Income Tax Mon, 10 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768620