https://www.taxtmi.com/caselaws?id=775104 Reassessment cannot be sustained where the additions ultimately made are unrelated to the recorded reasons for reopening. Reopening based on alleged share purchases from unaccounted cash did not support additions for speculation loss disallowance and unexplained speculation profit; the reassessment was therefore liable to be quashed. Incomplete substitution of legal representatives did not bar adjudication because one legal heir had participated and the appellate order was in that heir's name. Once the reassessment was invalid, the objection concerning non-impleadment of other heirs did not defeat the appeal. en-us Thu, 17 Jul 2025 00:00:00 +0530 Sat, 19 Jul 2025 08:25:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=775104 Reassessment cannot be sustained where the additions ultimately made are unrelated to the recorded reasons for reopening. Reopening based on alleged share purchases from unaccounted cash did not support additions for speculation loss disallowance and unexplained speculation profit; the reassessment was therefore liable to be quashed. Incomplete substitution of legal representatives did not bar adjudication because one legal heir had participated and the appellate order was in that heir's name. Once the reassessment was invalid, the objection concerning non-impleadment of other heirs did not defeat the appeal. Case-Laws Income Tax Thu, 17 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=775104