AO cannot introduce a new addition while giving effect to appellate order: ITAT Chennai

ITO Vs Kaipathur Venkatakrishnan (ITAT Chennai) The case concerned the validity of an addition of ₹5 crore made by the Assessing Officer (AO) as “Income from Other Sources” while passing an order giving effect to an earlier order of the Income Tax Appellate Tribunal (ITAT). The Revenue challenged the order of the Commissioner of Income Tax (Appeals) [CIT(A)], who had deleted the addition. The assessee also filed a cross-objection. The assessee had originally filed the return of income for Assessment Year 2008-09 declaring total income of ₹1,07,640. Subsequently, the assessment ...