Allowing the petition the Court held that where no addition was made on basis of reasons recorded for reopening of assessment, it was not open for Assessing Officer to bring to tax some other income in course of reassessment proceedings. Followed CIT v Jet Airways (I) Ltd. (2011) 331 ITR 236 (Bom) (HC). (AY. 1999-2000)
DIT(IT) v. Black & Veatch Prichard, Inc. (2019) 107 taxmann.com 289 / 265 Taxman 93 (Bom.)(HC) Editorial : SLP is granted to the revenue, DIT (IT) v. Black & Veatch Prichard, Inc. (2019) 265 Taxman 92 (SC)
S. 147 : Reassessment–No addition was made on basis of reasons recorded-No other addition could be made in course of reassessment proceedings. [S. 148]