Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (3) TMI 1904 - AT - Income TaxReopening of assessment u/s 147 - protective addition - HELD THAT:- AO had taken recourse to Section 148/147 mechanism which finally culminated in his assessment/re-assessment dt. 31-03-2014 making protective addition. We find in this clinching factual backdrop that the tribunal's co-ordinate bench's order in assessee's case itself for AY. 2007-08 involving [2020 (5) TMI 675 - ITAT HYDERABAD] holds that such a re-opening making protective addition is not sustainable as per case law DHLF Venture Capital Fund [2013 (6) TMI 575 - BOMBAY HIGH COURT]. We adopt the very reasoning herein mutatis mutandis to quash the impugned reopening. - Decided in favour of assessee.
|