https://www.taxtmi.com/caselaws?id=771135 The ITAT Mumbai held that reassessment u/s 148A was invalid where the AO made additions on cash deposits not included in the recorded reasons for reopening. Following precedents from Jet Airways (Bombay HC), Ranbaxy Laboratories (Delhi HC), and Monarch Educational Society (Delhi HC), the tribunal ruled that when no addition is made on the original reasons for reopening, the AO cannot make additions on other unrelated items. The reassessment order u/s 147 read with 144B was quashed as bad in law. Appeal allowed. en-us Fri, 16 May 2025 00:00:00 +0530 Wed, 21 May 2025 08:29:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771135 The ITAT Mumbai held that reassessment u/s 148A was invalid where the AO made additions on cash deposits not included in the recorded reasons for reopening. Following precedents from Jet Airways (Bombay HC), Ranbaxy Laboratories (Delhi HC), and Monarch Educational Society (Delhi HC), the tribunal ruled that when no addition is made on the original reasons for reopening, the AO cannot make additions on other unrelated items. The reassessment order u/s 147 read with 144B was quashed as bad in law. Appeal allowed. Case-Laws Income Tax Fri, 16 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771135