Additions on substantive basis without considering Supplementary Partnership Deed submitted by Assessee are not justified

Satish Kumar Contractor Vs  ACIT (ITAT Delhi)

Counsel for the assessee vehemently submitted that the AO was not justified in making the addition on substantive basis in the hands of the assessee. He submitted that the assessee had filed a Supplementary Partnership Deed which clarified about the liability of the assessee firm. It was further submitted that the AO failed to appreciate the fact that there was no escapement of income hence, the re-opening of the assessment in the case of the assessee, is not justified.

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