Tag Archives: IN THE ITAT DELHI BENCH

Reassessment Order Quashed as Assessing Officer Deviated from Reasons Recorded for Reopening

By | June 12, 2026
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Reassessment Order Quashed as Assessing Officer Deviated from Reasons Recorded for Reopening Issue Whether a reassessment order under Section 147 is legally sustainable if the Assessing Officer (AO) completely deviates from the original reasons recorded for reopening the assessment and makes additions on entirely different grounds. Facts Initiation of Reassessment: For the Assessment Year (AY)… Read More »

Assessing Officer Cannot Make Additions on New Issues Without Assessing the Original Grounds Used for Reopening

By | June 11, 2026
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Assessing Officer Cannot Make Additions on New Issues Without Assessing the Original Grounds Used for Reopening Issue Whether the Assessing Officer (AO) exceeds his jurisdiction by making additions under Section 68 regarding share application money received from two entities, when the sole basis and “reason to believe” recorded for reopening the assessment under Section 147… Read More »