AO Cannot Add New Income if Reassessment not includes Originally Alleged Escaped Income

CIT-5 Vs Jet Airways (I) Ltd. (Bombay High Court)

Bombay High Court in CIT-5 vs. Jet Airways (I) Ltd. addressed the scope of reassessment under Section 147 of the Income-tax Act, 1961. The primary question before the court was whether an Assessing Officer (AO), after reopening an assessment under Section 148, could assess income other than what was initially cited in the reassessment notice, even if the originally mentioned escaped income was not reassessed. The case involved two assessment years, 1994-95 and 1995-

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