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2021 (10) TMI 394 - AT - Income TaxReopening of assessment u/s 147 - Additions made on different ground - Addition u/s 68 - unsecured loans - HELD THAT:- We find that the Assessing Officer has accepted the objections of the assessee, and has not assessed or reassessed the income, which was the basis of the notice. Therefore, in light of the judgment of JET AIRWAYS (I) LTD. [2010 (4) TMI 431 - HIGH COURT OF BOMBAY] it would not be open to the Assessing Officer to assess income under some other issue independently. - Decided in favour of assessee.
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