Hyderabad ITAT Upholds Reopening Beyond 3 Years Though Final Addition Was Below ₹50 Lakhs – Jurisdiction Based on Reopening Information

Advertisement Siva Madhavi Garapati Vs ITO (ITAT Hyderabad) Hyderabad ITAT Upholds Reopening Beyond 3 Years Though Final Addition Fell Below ₹50 Lakhs – Jurisdiction Tested on Information Available at Reopening Stage The Hyderabad ITAT held that validity of reopening u/s 148 must be tested based on the material available with the Assessing Officer at the stage of initiation of reassessment proceedings and not on the basis of the final additions ultimately made in the assessment order. In this case, the assessee argued that since the final surviving addition was only ₹10.08 lakh cash d...