https://www.taxtmi.com/caselaws?id=794452 Reassessment under section 147 must retain a live link with the recorded reasons for reopening; once the foundational addition on alleged stock understatement failed, independent additions under sections 40(a)(ia) and 36(1)(va) could not survive. Rejection of books under section 145(3) and estimation of gross profit were also unsustainable where the assessee supported the wastage reconciliation with job-work records, invoices, confirmations and an accountant's certificate, and the declared gross profit was not inconsistent with earlier years. Disallowance of donations under section 80G required fresh adjudication because the assessee was not shown to have been given full adverse material or cross-examination. en-us Fri, 22 May 2026 00:00:00 +0530 Mon, 06 Jul 2026 08:26:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794452 Reassessment under section 147 must retain a live link with the recorded reasons for reopening; once the foundational addition on alleged stock understatement failed, independent additions under sections 40(a)(ia) and 36(1)(va) could not survive. Rejection of books under section 145(3) and estimation of gross profit were also unsustainable where the assessee supported the wastage reconciliation with job-work records, invoices, confirmations and an accountant's certificate, and the declared gross profit was not inconsistent with earlier years. Disallowance of donations under section 80G required fresh adjudication because the assessee was not shown to have been given full adverse material or cross-examination. Case-Laws Income Tax Fri, 22 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794452