https://www.taxtmi.com/caselaws?id=791476 A reassessment cannot be sustained when the recorded reason for reopening concerns escaped credits in a bank account, but the completed reassessment makes additions on unrelated grounds and makes no addition on the recorded issue. The reassessment jurisdiction fails where the assessed income does not correspond to the basis on which reopening was assumed. On that footing, the ITAT Delhi held the reassessment unsustainable in law and quashed it in favour of the assessee. en-us Mon, 30 Mar 2026 00:00:00 +0530 Tue, 12 May 2026 08:50:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791476 A reassessment cannot be sustained when the recorded reason for reopening concerns escaped credits in a bank account, but the completed reassessment makes additions on unrelated grounds and makes no addition on the recorded issue. The reassessment jurisdiction fails where the assessed income does not correspond to the basis on which reopening was assumed. On that footing, the ITAT Delhi held the reassessment unsustainable in law and quashed it in favour of the assessee. Case-Laws Income Tax Mon, 30 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791476