Viewed in the light of the above discussion, it is seen that reassessment in this case was initiated on the ground of bogus purchases and the addition on that score has been sustained hereinabove with a direction to the AO for recomputing the same in accordance with the law laid down by the Hon'ble Bombay High Court inPrincipal CIT vs. Mohommad Haji Adam & Co.(supra). Once the reassessment proceedings are held to be validly initiated, we fail to find any eclipse on the powers of the AO in making addition towards any other income that escaped earlier assessment and came to his notice in the course of the assessment proceedings under s. 147.