https://www.taxtmi.com/caselaws?id=795512 Reassessment cannot independently support additions for income unrelated to the recorded reasons where the income forming the basis for reopening is accepted without addition. The reassessment was initiated to verify share application money from a specified entity, but no addition was made on that issue. Additions for an unsecured loan from another entity and related interest arose from separate information during reassessment. Such other income could be assessed only after assessing or reassessing the income covered by the recorded reasons; otherwise, a fresh statutory notice was required. The reassessment additions were therefore beyond the permissible scope of reassessment and invalid. en-us Mon, 29 Jun 2026 00:00:00 +0530 Thu, 23 Jul 2026 08:42:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795512 Reassessment cannot independently support additions for income unrelated to the recorded reasons where the income forming the basis for reopening is accepted without addition. The reassessment was initiated to verify share application money from a specified entity, but no addition was made on that issue. Additions for an unsecured loan from another entity and related interest arose from separate information during reassessment. Such other income could be assessed only after assessing or reassessing the income covered by the recorded reasons; otherwise, a fresh statutory notice was required. The reassessment additions were therefore beyond the permissible scope of reassessment and invalid. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795512