https://www.taxtmi.com/caselaws?id=797677 Reassessment initiated for alleged escaped capital gains cannot be sustained solely on additions for notional annual letting value or reclassification of disclosed rental income when no addition is made to the income forming the basis for reopening. Where the assessee was only a confirming party to a transfer of tenancy rights, neither transferred immovable property nor received consideration, and the alleged capital gains were not assessed, the Assessing Officer cannot uphold reassessment through unrelated income-from-house-property additions. The reassessment was therefore without jurisdiction and quashed in favour of the assessee. en-us Tue, 18 Aug 2026 00:00:00 +0530 Wed, 26 Aug 2026 08:27:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797677 Reassessment initiated for alleged escaped capital gains cannot be sustained solely on additions for notional annual letting value or reclassification of disclosed rental income when no addition is made to the income forming the basis for reopening. Where the assessee was only a confirming party to a transfer of tenancy rights, neither transferred immovable property nor received consideration, and the alleged capital gains were not assessed, the Assessing Officer cannot uphold reassessment through unrelated income-from-house-property additions. The reassessment was therefore without jurisdiction and quashed in favour of the assessee. Case-Laws Income Tax Tue, 18 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797677