https://www.taxtmi.com/caselaws?id=786970 Reassessment must be confined to the matters for which reasons are recorded; the tribunal applied the reasons-recorded principle and held that additions that target unexplained investments in a recurring deposit cannot be sustained where reopening was predicated on undisclosed salary. The AO's belief about escaped salary was not translated into findings about the recurring deposit, and the Revenue cannot rely on external material to expand or amend recorded reasons to justify fresh additions. Outcome: additions for unexplained investment/recurring deposit were deleted and appeals allowed in favour of the assessee. en-us Mon, 08 Sep 2025 00:00:00 +0530 Tue, 24 Feb 2026 08:36:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786970 Reassessment must be confined to the matters for which reasons are recorded; the tribunal applied the reasons-recorded principle and held that additions that target unexplained investments in a recurring deposit cannot be sustained where reopening was predicated on undisclosed salary. The AO's belief about escaped salary was not translated into findings about the recurring deposit, and the Revenue cannot rely on external material to expand or amend recorded reasons to justify fresh additions. Outcome: additions for unexplained investment/recurring deposit were deleted and appeals allowed in favour of the assessee. Case-Laws Income Tax Mon, 08 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786970