Case Law Analysis
|Income Tax Appellate Tribunal
Section 147 IT Act | Reassessment Void If Additions Exceed Recorded Reasons : ITAT Delhi
ITAT Delhi quashed reassessment proceedings under Section 147/148 of the Income Tax Act, ruling that additions beyond the recorded reasons for reopening are invalid. The tribunal relied on the precedent that jurisdictional validity collapses if the foundational reason for reassessment fails, reinforcing strict adherence to jurisdictional limits in tax proceedings.