https://www.taxtmi.com/caselaws?id=465160 ITAT Mumbai allowed the assessee's appeal, holding the reassessment under s.147/148 invalid. The AO had reopened the assessment on vague and ambiguous reasons relating to payments/credits to a particular concern allegedly escaping assessment, but during reassessment dropped this core issue and proceeded on other matters. ITAT held that where the foundational reason for reopening is not pursued or sustained, the very initiation of reassessment is bad in law. Consequently, the reassessment order was quashed and all other grounds on merits were treated as academic. en-us Mon, 31 Oct 2022 00:00:00 +0530 Mon, 08 Dec 2025 18:58:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465160 ITAT Mumbai allowed the assessee's appeal, holding the reassessment under s.147/148 invalid. The AO had reopened the assessment on vague and ambiguous reasons relating to payments/credits to a particular concern allegedly escaping assessment, but during reassessment dropped this core issue and proceeded on other matters. ITAT held that where the foundational reason for reopening is not pursued or sustained, the very initiation of reassessment is bad in law. Consequently, the reassessment order was quashed and all other grounds on merits were treated as academic. Case-Laws Income Tax Mon, 31 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465160