https://www.taxtmi.com/caselaws?id=799280 Reassessment under sections 147 and 148 cannot be sustained where the interest-income addition that triggered reopening is deleted in first appeal, and the only surviving estimated expenditure disallowance was not part of the recorded reasons. In those circumstances, the foundational basis for reopening fails, rendering the reassessment invalid despite the surviving disallowance. en-us Mon, 29 Jun 2026 00:00:00 +0530 Sat, 19 Sep 2026 08:20:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=799280 Reassessment under sections 147 and 148 cannot be sustained where the interest-income addition that triggered reopening is deleted in first appeal, and the only surviving estimated expenditure disallowance was not part of the recorded reasons. In those circumstances, the foundational basis for reopening fails, rendering the reassessment invalid despite the surviving disallowance. Case-Laws Income Tax Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=799280