Reassessment when related question was examined but not the pointed question

Brief- High Court held that when a claim was processed at length and after calling for detailed explanation from the assessee, the same was accepted, merely because a certain element or angle was not in the mind of the Assessing Officer while accepting such a claim, cannot be a ground for issuing notice for reassessment. Facts of the Case The Assessing Officer carried out scrutiny assessment of the return filed by the assessee. One of the claims was of capital gain arising out of sale of shares. In the context, the assessee had claimed various expenditures in the nature of professional service...