https://www.taxtmi.com/caselaws?id=793484 Reassessment under section 147 cannot survive where the completed assessment departs from the recorded reasons that formed the jurisdictional basis for reopening. Additions made on a different footing render the reassessment unsustainable and liable to be quashed. Penalty proceedings under section 271(1)(c) that are wholly consequential on additions in such reassessment cannot independently continue once the reassessment is annulled; the associated penalty is therefore set aside. en-us Wed, 27 May 2026 00:00:00 +0530 Tue, 16 Jun 2026 16:02:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793484 Reassessment under section 147 cannot survive where the completed assessment departs from the recorded reasons that formed the jurisdictional basis for reopening. Additions made on a different footing render the reassessment unsustainable and liable to be quashed. Penalty proceedings under section 271(1)(c) that are wholly consequential on additions in such reassessment cannot independently continue once the reassessment is annulled; the associated penalty is therefore set aside. Case-Laws Income Tax Wed, 27 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793484