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2019 (1) TMI 586 - AT - Income TaxReopening of assessment - Held that:- Explanation 3, clearly, expounds that the Assessing Officer may assess or reassess the income in respect of any issue, which has escaped assessment and such other issue, that comes to his notice subsequently, albeit, in the course of proceedings held under section 147. If, notice for reopening of the assessment was issued on one aspect, and in the course of reassessment proceedings another aspect was discovered, the reassessment order would be valid, only if, the aspect, which led to the reopening of assessment, continues to form part of the reassessed income. Accordingly, we are of the opinion that reassessment done for the impugned assessment year cannot stand the test of the law. Such reassessment is set aside. - Decided in favour of assessee.
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