Dismissing the appeal of the assessee the Tribunal held that, the provisions of S. 147 permit the Assessing Officer to assess or reassess the income which has escaped assessment and which comes to his notice subsequently in the course of proceedings under this section. So long as the income escaped assessment for which reasons were recorded has been assessed, the Assessing Officer has power to include other incomes which has escaped assessment and which comes to his knowledge in the course of the proceedings under this section. (AY. 2007 -08)
Sun Infraa v. DCIT(2018) 65 ITR 687 (Hyd.) (Trib.)
S. 147 : Reassessment—So long as the income escaped assessment for which reasons were recorded has been assessed, the Assessing Officer has power to include other incomes which has escaped assessment and which comes to his knowledge in the course of the proceedings under this section. Disallowance of commission is held to be justified. [S. 37(1), 80IB]