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Reassessment Quashed: No Addition on Original Ground – ITAT Mumbai
Case Law Details
- Case Name
- Sky Scraper Properties Private Limited Vs Ward 13(2)(1) (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Mumbai
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Sky Scraper Properties Private Limited Vs Ward 13(2)(1) (ITAT Mumbai)
Income Tax Appellate Tribunal (ITAT) Mumbai bench has quashed a reassessment order against Sky Scraper Properties Private Limited for the Assessment Year 2014-15, ruling that the Assessing Officer (AO) failed to make any addition based on the specific reason recorded for reopening the case. This decision underscores the crucial legal principle that an AO cannot sustain a reassessment by making additions on new grounds if the initial reason for reopening is not acted upon.
The case originated when Sky Scraper...
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