https://www.taxtmi.com/caselaws?id=314472 ITAT Kolkata allowed the assessee's appeal against penalty u/s 271(1)(c). The assessment was reopened for claiming excess loss, but the Assessing Officer made additions on different items without application of mind. Following HC precedents from Bombay, Delhi, and Gujarat, additions cannot be made on items other than those for which assessment was reopened. The AO failed to prove concealment of income or furnishing inaccurate particulars, creating inherent contradictions between reopening grounds and actual additions made. en-us Thu, 22 Dec 2022 00:00:00 +0530 Mon, 17 Jun 2024 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314472 ITAT Kolkata allowed the assessee's appeal against penalty u/s 271(1)(c). The assessment was reopened for claiming excess loss, but the Assessing Officer made additions on different items without application of mind. Following HC precedents from Bombay, Delhi, and Gujarat, additions cannot be made on items other than those for which assessment was reopened. The AO failed to prove concealment of income or furnishing inaccurate particulars, creating inherent contradictions between reopening grounds and actual additions made. Case-Laws Income Tax Thu, 22 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314472