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PCIT cannot invoke revisional jurisdiction on issue, which AO could not examine in reassessment proceedings
Case Law Details
- Case Name
- Nilesh Ajit Kumar Jain Vs ITO (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2009-2010
- Courts
- All ITAT, ITAT Mumbai
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Nilesh Ajit Kumar Jain Vs ITO (ITAT Mumbai)
A perusal of the assessment order shows that the assessment was reopened to examine misuse of Client Code Modification for tax evasion. No addition was made by the Assessing Officer in respect of the issue for which the assessment was reopened. It is a well settled law that where no addition is made on the issue for which the assessment is reopened, it is not open to the Assessing Officer to make independent addition for which he had not recorded reason to believe for issuing notice u/s 148 of the Act.
Thus, in view of the settled legal position, we ...
