Additions on grounds not part of reasons recorded for reopening assessment is unsustainable

ACIT Vs NK Proteins Pvt. Ltd. (ITAT Ahmedabad)

ITAT Ahmedabad held that additions on the grounds which are not forming part of reasons recorded for reopening of assessment is invalid in the eye of law. Accordingly, such additions are liable to be deleted.

Facts- The assessee is a company engaged in the manufacturing of edible, non-edible oil products and by-­products thereof. The assessee filed its original return of income which was taken for scrutiny assessment and regular assessment order under section 143(3) of the Act was passed on 29-12-2011. Thereaft

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