https://www.taxtmi.com/caselaws?id=785434 Validity of reopening of assessment centred on whether reasons recorded justified treating long term capital gain as unexplained credit; tribunal found the recorded reasons incorrect and held that continuation of reopened proceedings to make additions on grounds not forming part of the reasons was impermissible, citing precedent that absence of additions on original grounds precludes new additions on different grounds. The consequence was that the additions made beyond the recorded reasons were illegal and beyond jurisdiction, the assessment order was quashed, and the assessee's appeal allowed; AO retained power to reopen afresh if genuine further material emerged and was recorded. en-us Thu, 01 Jan 2026 00:00:00 +0530 Fri, 23 Jan 2026 09:10:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=785434 Validity of reopening of assessment centred on whether reasons recorded justified treating long term capital gain as unexplained credit; tribunal found the recorded reasons incorrect and held that continuation of reopened proceedings to make additions on grounds not forming part of the reasons was impermissible, citing precedent that absence of additions on original grounds precludes new additions on different grounds. The consequence was that the additions made beyond the recorded reasons were illegal and beyond jurisdiction, the assessment order was quashed, and the assessee's appeal allowed; AO retained power to reopen afresh if genuine further material emerged and was recorded. Case-Laws Income Tax Thu, 01 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=785434