https://www.taxtmi.com/caselaws?id=777750 Reassessment requires a valid notice and a live nexus between the recorded reasons for reopening and the addition made in the assessment. Where the proceedings were initiated on alleged undisclosed suspicious transactions, but the final assessment brought to tax a different deemed-income basis, the assumption of jurisdiction failed because no addition was made on the original recorded ground. An Assessing Officer cannot sustain reassessment on an unrelated basis after reopening. The reopening under section 148A(d) read with section 147 was therefore invalid and the reassessment order was quashed in favour of the assessee. en-us Thu, 28 Aug 2025 00:00:00 +0530 Thu, 04 Sep 2025 08:40:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777750 Reassessment requires a valid notice and a live nexus between the recorded reasons for reopening and the addition made in the assessment. Where the proceedings were initiated on alleged undisclosed suspicious transactions, but the final assessment brought to tax a different deemed-income basis, the assumption of jurisdiction failed because no addition was made on the original recorded ground. An Assessing Officer cannot sustain reassessment on an unrelated basis after reopening. The reopening under section 148A(d) read with section 147 was therefore invalid and the reassessment order was quashed in favour of the assessee. Case-Laws Income Tax Thu, 28 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777750