https://www.taxtmi.com/caselaws?id=776835 Reassessment initiated on a recorded reason alleging understatement of sale consideration for immovable property could not be sustained where no addition was made on that very ground in the completed reassessment. The reassessment instead proceeded on a different purchase-related addition, so the original basis for reopening did not survive. On that footing, the reopening under sections 147 and 148 was held unsustainable in law, and the assessee succeeded. en-us Tue, 07 Jan 2025 00:00:00 +0530 Wed, 20 Aug 2025 08:34:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=776835 Reassessment initiated on a recorded reason alleging understatement of sale consideration for immovable property could not be sustained where no addition was made on that very ground in the completed reassessment. The reassessment instead proceeded on a different purchase-related addition, so the original basis for reopening did not survive. On that footing, the reopening under sections 147 and 148 was held unsustainable in law, and the assessee succeeded. Case-Laws Income Tax Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=776835