https://www.taxtmi.com/caselaws?id=778026 ITAT PUNE - AT held the reassessment under s.147 invalid and quashed it because the AO made additions on a ground different from the reasons recorded without issuing a fresh notice under s.148. The tribunal reversed disallowance of bad debts written off in the profit and loss account, accepting that sales were export transactions with genuine recovery efforts and noting any subsequent recovery would be offered to tax. Appeal of the assessee was allowed. en-us Wed, 03 Sep 2025 00:00:00 +0530 Tue, 09 Sep 2025 08:38:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778026 ITAT PUNE - AT held the reassessment under s.147 invalid and quashed it because the AO made additions on a ground different from the reasons recorded without issuing a fresh notice under s.148. The tribunal reversed disallowance of bad debts written off in the profit and loss account, accepting that sales were export transactions with genuine recovery efforts and noting any subsequent recovery would be offered to tax. Appeal of the assessee was allowed. Case-Laws Income Tax Wed, 03 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778026