Held that if no addition is made in reassessment proceedings on an issue for which reasons for reopening are recorded addition made on any other ground would be unsustainable. (AY. 2012-13)
Revera Milk & Foods (P) Ltd v. ITO (2023) 223 TTJ 821 (Mum)(Trib)
S. 147 : Reassessment-Recorded reasons-Un explained cash credits-Addition is made on commission income-Issue is not subject matter of notice under section 148-Reassessment order is quashed. [S. 37(1), 68,148]