No Fresh Assessment can be Directed by CIT if AO Choose not to Make Any Addition on Income Tax: ITAT Condones Delay of 319 Days [Read Order]

Fresh -Assessment - Directed - CIT - AO - Addition - Income-Tax-ITAT -Condones- Delay -TAXSCAN

The Chennai Bench of Income Tax Appellate Tribunal (ITAT), condoned delay of 319days in filing the appeal and held that when once Assessing Officer (AO) took one of the possible views and chose not to make any addition the Commissioner of Income Tax (CIT) was not justified in directing fresh assessment by referring the valuation…

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