AO cannot reconsider Grounds of Addition negated by Appellate Forums

Shri Ashok Kumar Chauhan Vs ITO (ITAT Delhi) We find that first of all, the Assessing Officer in the impugned assessment order has simply made the addition on the ground that assessee during the course of survey has offered sum of Rs.20 lacs towards investment in furnishing and in equipments in showroom over and above the investment already recorded in the books of account. However such a basis for making the addition at the outset was rejected by the Tribunal after detailed reasoning and it was held that no such addition can be made simply on the basis of statement without any material on re...