AdvertisementACIT Vs Kotia Enterpriseas Limited (ITAT Delhi) Delhi ITAT Quashes Reassessment: AO Cannot Make Additions on New Issues After Dropping the Very Reason for Reopening The Delhi ITAT quashed the reassessment proceedings holding that where the Assessing Officer does not make any addition on the issue for which the assessment was reopened, he cannot sustain the reassessment by making additions on entirely different issues. The Tribunal held that such assumption of jurisdiction is illegal. The reassessment was initiated under sections 148A and 148 on the allegation that a transaction of ₹5.89 cror...