https://www.taxtmi.com/caselaws?id=778404 Reassessment under sections 147 and 148 is invalid where it relies on material already disclosed and considered in the original assessment, without fresh tangible material, or rests on mechanical sanction under section 151. Disclosed salary reimbursements cannot be treated as escaped income merely because invoicing occurred later. For section 115JB, amortisation of goodwill arising under a court-sanctioned amalgamation scheme using the purchase method cannot be added back where audited accounts adopt that treatment and no permitted statutory adjustment applies. The Assessing Officer may verify Companies Act compliance but cannot recast certified book profit based on a different accounting view. Interest and consequential charges must be recomputed on the final income determination. en-us Thu, 28 Aug 2025 00:00:00 +0530 Mon, 15 Sep 2025 15:18:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778404 Reassessment under sections 147 and 148 is invalid where it relies on material already disclosed and considered in the original assessment, without fresh tangible material, or rests on mechanical sanction under section 151. Disclosed salary reimbursements cannot be treated as escaped income merely because invoicing occurred later. For section 115JB, amortisation of goodwill arising under a court-sanctioned amalgamation scheme using the purchase method cannot be added back where audited accounts adopt that treatment and no permitted statutory adjustment applies. The Assessing Officer may verify Companies Act compliance but cannot recast certified book profit based on a different accounting view. Interest and consequential charges must be recomputed on the final income determination. Case-Laws Income Tax Thu, 28 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778404