Protective Addition made to Save Interest of Revenue not permissible, Assessment can’t be reopened based on contingent reason: ITAT [Read Order]

Protective Addition - Interest - Interest of Revenue - Assessment - ITAT - taxscan

The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) has held that Protective addition made to save interest of revenue is not permissible and the assessment can’t be reopened based on contingent reason. G.K. Ispat Pvt. Ltd., the assessee filed return of income on 13.09.2011 which was selected for scrutiny. The assessment…

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