Reopening of Assessment is not permissible in respect of Protective Addition when reasons are only of Assumption: ITAT deletes Addition [Read Order]

Reopening of assessment is not permissible in respect of protective addition when reasons are only of assumption, ITAT
Reopening of Assessment - permissible - Protective Addition - Assumption - ITAT - taxscan

The Ahmedabad bench of Income Tax Appellate Tribunal ( ITAT ) after deleting the addition made by the assessing officer held that reopening of assessment is not permissible in respect of protective addition when reasons are only of assumption. The Assessee Sanjay bhai Ranchhodbhai Patel,after filing the return of income which was revised  on account of…

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