Reopening Invalid If Original Issue Not Added in Assessment: ITAT Delhi

Sonal Jain Vs CIT (Appeals) (ITAT Delhi) Reopening Fails When Original Issue Not Added — ITAT Delhi Deletes Section 68 Addition on Cash Deposits The Delhi Bench of the ITAT allowed the appeal of Sonal Jain for AY 2016-17, holding that when no addition is made on the issue for which reassessment was initiated, the Assessing Officer cannot make additions on any other issue. The reassessment was reopened under section 147 to examine investment in an immovable property. During assessment, the assessee satisfactorily explained the source of investment and no addition was made on that count. Howev...