Reassessment Quashed for No Addition on Recorded Reopening Reason

Komal Kumar Vs Assessment Unit (ITAT Delhi) The Income Tax Appellate Tribunal, Delhi examined the validity of reassessment proceedings initiated for Assessment Year 2020–21 under Section 147 read with Section 144B of the Income-tax Act, 1961. The reassessment was initiated solely on the basis of alleged cash deposits amounting to ₹2.62 crore. However, in the final reassessment order dated 16 March 2025, the Assessing Officer did not make any addition in respect of the very reason recorded for reopening and instead proceeded to make additions relating to commission income and other issues. ...