https://www.taxtmi.com/caselaws?id=791397 Under section 147, reassessment on other issues is permissible only if the income forming the basis of the reopening is first assessed or reassessed. Where the reassessment was initiated on alleged unexplained cash deposits but the explanation for those deposits was accepted and no addition was made on that ground, the foundational basis for jurisdiction disappeared. As a result, the Assessing Officer could not sustain a separate disallowance of interest expenditure in the same proceedings, and the independent addition failed. en-us Fri, 27 Mar 2026 00:00:00 +0530 Mon, 11 May 2026 09:50:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791397 Under section 147, reassessment on other issues is permissible only if the income forming the basis of the reopening is first assessed or reassessed. Where the reassessment was initiated on alleged unexplained cash deposits but the explanation for those deposits was accepted and no addition was made on that ground, the foundational basis for jurisdiction disappeared. As a result, the Assessing Officer could not sustain a separate disallowance of interest expenditure in the same proceedings, and the independent addition failed. Case-Laws Income Tax Fri, 27 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791397