AO doesn’t possess jurisdiction to tax any other income in reassessment order

Subhash Runwal Vs ITO (ITAT Pune) ITAT Pune held that once primary reason to believe that income had escaped assessment fails then AO doesn’t possess jurisdiction to tax any other income in reassessment order. Hence, re-assessment is unsustainable and liable to be quashed. Facts- The assessee is an individual who failed to file his return of income for the year under consideration hence was identified as ‘non-filer’ by the Revenue. Upon the receipt of information that, the assessee deposited a cash of ₹75Lakhs into his saving bank account maintained with ‘Mahesh Sahakari Bank Ltd’ ...