Held, dismissing the appeal the court held that no addition under section 68 could be made by the Assessing Officer pursuant to initiation of reassessment proceedings, that were not on the basis of which the assessment was reopened under section 147.(AY. 2012-13)
PCIT v. Naveen Infradevelopers and Engineers Pvt. Ltd (2025) 479 ITR 463 (Delhi)(HC)
S. 147 : Reassessment-Cash credits-Assessment not relating to reasons recorded-Order of Tribunal deleting the addition is affirmed. [S. 68, 148, 260A]
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