Daily Archives: December 12, 2025

Addition in Reassessment deleted as Primary Reason for Reopening was dropped; Ranbaxy Principle applied Issue Whether an Assessing Officer (AO) can validly make an addition on a new issue (unexplained credits/loans) during reassessment proceedings under Section 147, if no addition is ultimately made on the primary ground (turnover mismatch) for which the case was originally… Read More »

Section 54F Denial Set Aside; Matter Remanded to Verify Additional Evidence Issue Whether an appellate order confirming the denial of exemption under Section 54F should be set aside and restored to the Assessing Officer (AO) if the assessee produces additional evidence before the Tribunal that was not available or could not be filed during the… Read More »