https://www.taxtmi.com/caselaws?id=768073 ITAT Delhi ruled in favor of the assessee regarding reopening of assessment under section 147 and addition of infrastructure funds. The court found that the AO failed to comply with mandatory conditions under sections 147-151A and made patent mistakes in calculating infrastructure fund components with incorrect totals. The assessment order was cryptic and non-speaking, lacking proper basis for additions. Even if infrastructure fund accretion was taxable, it would be exempt under section 11. The addition was deleted and appeal allowed. en-us Wed, 26 Mar 2025 00:00:00 +0530 Mon, 31 Mar 2025 08:41:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768073 ITAT Delhi ruled in favor of the assessee regarding reopening of assessment under section 147 and addition of infrastructure funds. The court found that the AO failed to comply with mandatory conditions under sections 147-151A and made patent mistakes in calculating infrastructure fund components with incorrect totals. The assessment order was cryptic and non-speaking, lacking proper basis for additions. Even if infrastructure fund accretion was taxable, it would be exempt under section 11. The addition was deleted and appeal allowed. Case-Laws Income Tax Wed, 26 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768073