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2015 (10) TMI 1621 - AT - Income TaxReopening of assessment - reopening on basis of audit objection - Mat computation - Addition for bad and doubtful debt in computation of book profit u/s 115JB - CIT(A) deleted the addition - Held that:- Respectfully following the case of Raajratna Metal Industries Ltd. vs. ACIT [2014 (8) TMI 598 - GUJARAT HIGH COURT] hold that the assessment for the year under consideration was not validly reopened u/s 147. Be that as it may be, the assessee has not filed any appeal or cross-objection against the order of the CIT(A). Under rule 27, the respondent may support the order appealed against on any of the grounds decided against him. Therefore, under Rule 27, the maximum relief assessee can get is the sustenance of the order of the CIT(A). In view of above, we, relying upon the decision of the Hon’ble jurisdictional High Court in the case of Raajratna Metal Industries Ltd (supra) and considering Rule 27 of the ITAT Rules, uphold the order of the CIT(A) and dismiss the appeal filed by the Revenue. - Decided against revenue.
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