Appellate Authority Cannot Bypass Limitation by Invoking Section 150

Best Bull Stock Trading Pvt. Ltd. Vs ACIT (ITAT Delhi) CIT(A) Has No Power to Direct Reopening u/s 147 After Deleting 153A Additions: ITAT Strikes Down Reassessment Directions The Delhi Bench of the ITAT, in Best Bull Stock Trading Pvt. Ltd. v. ACIT (AYs 2015-16 & 2016-17), held that the Commissioner (Appeals) has no jurisdiction to direct the Assessing Officer to initiate reassessment proceedings under sections 147/148 after deleting additions made under section 153A for want of incriminating material. In the present case, the CIT(A) had deleted the additions made in search assessments on...