https://www.taxtmi.com/caselaws?id=787365 Reopening of assessment was invalid where the only recorded reason concerned specified cash deposits but the assessing officer made additions on an unrelated exemption claim; the legal principle applied requires that reassessment proceedings be founded on the reasons recorded and maintain a direct nexus to issues addressed, and additional grounds may be admitted only if relevant facts are on record and they go to the root of the matter; consequently the reassessment initiated on cash-deposit grounds but converted into an exonera tion challenge to an exemption was quashed and the appeal allowed for the assessee. en-us Fri, 27 Feb 2026 00:00:00 +0530 Tue, 03 Mar 2026 08:42:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=787365 Reopening of assessment was invalid where the only recorded reason concerned specified cash deposits but the assessing officer made additions on an unrelated exemption claim; the legal principle applied requires that reassessment proceedings be founded on the reasons recorded and maintain a direct nexus to issues addressed, and additional grounds may be admitted only if relevant facts are on record and they go to the root of the matter; consequently the reassessment initiated on cash-deposit grounds but converted into an exonera tion challenge to an exemption was quashed and the appeal allowed for the assessee. Case-Laws Income Tax Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=787365