https://www.taxtmi.com/caselaws?id=471231 Reassessment jurisdiction is confined to the income-escaping information recorded as the basis for reopening. Where recorded reasons concern cash withdrawals and deposits, but no addition is made on those matters, additions for estimated net profit and alleged unaccounted purchases cannot independently sustain the reassessment. Failure of the recorded basis invalidates the reassessment and requires it to be set aside. en-us Fri, 27 Feb 2026 00:00:00 +0530 Tue, 25 Aug 2026 18:57:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471231 Reassessment jurisdiction is confined to the income-escaping information recorded as the basis for reopening. Where recorded reasons concern cash withdrawals and deposits, but no addition is made on those matters, additions for estimated net profit and alleged unaccounted purchases cannot independently sustain the reassessment. Failure of the recorded basis invalidates the reassessment and requires it to be set aside. Case-Laws Income Tax Fri, 27 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471231