The assessment was reopened on the ground that the assessee had deposited cash in his bank account and had not filed the return of income. During reassessment, the Assessing Officer accepted the explanation regarding the cash deposits and made no addition on that issue, but made additions on other issues which came to his notice during the proceedings. The Tribunal held that once no addition was made on the issue forming the basis of the recorded reasons for reopening, the Assessing Officer lost jurisdiction to assess any other income. The reassessment was therefore quashed. (AY. 2012-13).