https://www.taxtmi.com/caselaws?id=794314 Reassessment under the substituted sections 147 and 148 must be anchored to the specific information recorded in the section 148A(b) notice and considered under section 148A(d). Where no addition is made on the very material forming the basis of reopening, but the reassessment adds an unrelated unsecured loan issue under section 68, the reassessment cannot survive because the Assessing Officer must first assess the income for which the case was reopened before examining other income. On that basis, the reassessment was held without jurisdiction and quashed, with the appeal allowed in favour of the assessee. en-us Tue, 30 Jun 2026 00:00:00 +0530 Fri, 03 Jul 2026 08:49:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794314 Reassessment under the substituted sections 147 and 148 must be anchored to the specific information recorded in the section 148A(b) notice and considered under section 148A(d). Where no addition is made on the very material forming the basis of reopening, but the reassessment adds an unrelated unsecured loan issue under section 68, the reassessment cannot survive because the Assessing Officer must first assess the income for which the case was reopened before examining other income. On that basis, the reassessment was held without jurisdiction and quashed, with the appeal allowed in favour of the assessee. Case-Laws Income Tax Tue, 30 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794314