No Power to Review by Reopening Assessment under Section 147 of Income Tax Act if no Addition made by AO During Original Assessment : ITAT [Read Order]

By Ipsita Das - On August 13, 2023 7:00 pm - 2 mins read

No Power to Review by Reopening Assessment - Income Tax Act if no Addition made - by AO During Original Assessment - ITAT - TAXSCAN

The Surat Bench of Income Tax Appellate Tribunal (ITAT) held that Assessing Officer has no power to review by reopening assessment under Section 147 of the Income Tax Act,1961 if no addition is made by AO during original assessment. The assessee Murlimanohar Ramkishan Mundhra is an individual and engaged in trading and manufacturing of textile…

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