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Appellate Authority Cannot Bypass Limitation by Invoking Section 150
Case Law Details
- Case Name
- Best Bull Stock Trading Pvt. Ltd. Vs ACIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Delhi
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Best Bull Stock Trading Pvt. Ltd. Vs ACIT (ITAT Delhi)
CIT(A) Has No Power to Direct Reopening u/s 147 After Deleting 153A Additions: ITAT Strikes Down Reassessment Directions
The Delhi Bench of the ITAT, in Best Bull Stock Trading Pvt. Ltd. v. ACIT (AYs 2015-16 & 2016-17), held that the Commissioner (Appeals) has no jurisdiction to direct the Assessing Officer to initiate reassessment proceedings under sections 147/148 after deleting additions made under section 153A for want of incriminating material.
In the present case, the CIT(A) had deleted the additions made in search assessments on...
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