https://www.taxtmi.com/caselaws?id=471265 Reassessment under section 147 cannot sustain an addition for income unrelated to the recorded reasons when no assessment is made of the income that formed the basis for reopening. The recorded reasons concerned alleged cash receipt and capital gains from one property sale, whereas the addition arose from the difference between stamp-duty value and consideration for a separate property transaction. Without an addition on the recorded issue, or fresh recorded reasons and notice covering the separate transaction, the unrelated addition lacked statutory basis and was deleted. en-us Wed, 25 Jun 2025 00:00:00 +0530 Wed, 26 Aug 2026 21:12:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=471265 Reassessment under section 147 cannot sustain an addition for income unrelated to the recorded reasons when no assessment is made of the income that formed the basis for reopening. The recorded reasons concerned alleged cash receipt and capital gains from one property sale, whereas the addition arose from the difference between stamp-duty value and consideration for a separate property transaction. Without an addition on the recorded issue, or fresh recorded reasons and notice covering the separate transaction, the unrelated addition lacked statutory basis and was deleted. Case-Laws Income Tax Wed, 25 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=471265