Reassessment Invalid If No Addition on Original Reason: ITAT Jaipur

Ram Khilari Meena Vs ITO (ITAT Jaipur)

Reassessment Invalid If No Addition on Original Reason – ITAT Jaipur Follows Jurisdictional HC

The case was reopened based on information of cash deposits of ₹11.10 lakh in Assessee’s bank account. During reassessment, AO accepted the explanation for cash deposits but made an addition of ₹21 lakh as Long-Term Capital Gain (LTCG) on sale of land & building, even though LTCG was not the reason for reopening.

CIT(A) held

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