https://www.taxtmi.com/caselaws?id=793484 Reassessment under section 147 cannot survive where the completed assessment departs from the recorded reasons for reopening and proceeds on a different basis; the jurisdictional foundation then fails, and the reassessment is unsustainable. Penalty under section 271(1)(c), when wholly consequential to that reassessment, also falls once the reassessment is annulled. The article states that the assessment additions travelled beyond the original reopening reason, so the reassessment was quashed and the related penalty set aside as dependent on an invalid reassessment. 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 for reopening and proceeds on a different basis; the jurisdictional foundation then fails, and the reassessment is unsustainable. Penalty under section 271(1)(c), when wholly consequential to that reassessment, also falls once the reassessment is annulled. The article states that the assessment additions travelled beyond the original reopening reason, so the reassessment was quashed and the related penalty set aside as dependent on an invalid reassessment. Case-Laws Income Tax Wed, 27 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793484