Case Law Analysis
|Income Tax Appellate Tribunal
Section 147 Income Tax Act | Reassessment Void If Additions Not Based on Recorded Reasons: ITAT Delhi
ITAT Delhi quashed a reassessment under Section 147 where the Assessing Officer deviated from the recorded reasons for reopening, failing to make additions on that basis. The ruling reinforces that reassessment proceedings must strictly align with the grounds cited for reopening, or risk invalidation.