https://www.taxtmi.com/caselaws?id=794854 Reassessment under sections 147 and 148 is directed at bringing escaped income to tax and cannot be used by an assessee to review or revise matters concluded in the original return. Income from house property voluntarily disclosed at a higher amount in the original return could not be reduced through the reassessment return on the claim that part of the rental income belonged to a spouse or related to jointly owned property. A reduction is impermissible where it does not concern escaped income; the originally offered income remains taxable and the addition is sustained. en-us Wed, 08 Jul 2026 00:00:00 +0530 Mon, 13 Jul 2026 09:18:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794854 Reassessment under sections 147 and 148 is directed at bringing escaped income to tax and cannot be used by an assessee to review or revise matters concluded in the original return. Income from house property voluntarily disclosed at a higher amount in the original return could not be reduced through the reassessment return on the claim that part of the rental income belonged to a spouse or related to jointly owned property. A reduction is impermissible where it does not concern escaped income; the originally offered income remains taxable and the addition is sustained. Case-Laws Income Tax Wed, 08 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794854