No further addition if addition not made on re-assessment reasons

CA Prarthana Jalan

No further addition if addition not made on reasons recorded for initiating re-assessment

The Hon’ble Agra ITAT has in the case of Anugrah Varshney V/s ITO in ITA no 134/Ag/2014 dated 05/04/2016 has held that  AO had no power to assess any other income to tax unless addition is made of income which he had reason to believe had escaped assessment.

Brief facts of the case are that th

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