No further addition if no addition on the grounds for re-opening of assessment

PCIT CENTRAL -1 Vs Naveen Infradevelopers & Engineers Pvt Ltd (Delhi High Court) In PCIT CENTRAL-1 Vs Naveen Infradevelopers & Engineers Pvt Ltd, the Delhi High Court addressed an appeal by the Revenue challenging the Income Tax Appellate Tribunal (ITAT) order, which had favored the assessee, Naveen Infradevelopers & Engineers Pvt Ltd. The Revenue’s appeal stemmed from the reassessment proceedings initiated under Section 147 of the Income Tax Act for the assessment year (AY) 2012-13. Initially, the Assessing Officer (AO) issued a notice under Section 148, asserting that the compa...