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No Addition on Reopening Issue, No Addition on Any Other Issue: Bangalore ITAT Quashes Reassessment
Case Law Details
- Case Name
- Narendra Vinayak Palmure Vs ITO (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Bangalore
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Narendra Vinayak Palmure Vs ITO (ITAT Bangalore)
No Addition on Reopening Issue, No Addition on Any Other Issue: Bangalore ITAT Quashes Reassessment
Reassessment Fails When Recorded Reason Yields No Addition
The Bangalore ITAT held that where an assessment is reopened under section 147 for a specific reason, but no addition is ultimately made on that very issue, the Assessing Officer cannot sustain any addition on a different issue discovered during the reassessment proceedings. Accordingly, the Tribunal deleted the addition made by disallowing the assessee’s claim under section 54, since th...
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