https://www.taxtmi.com/caselaws?id=771200 ITAT Kolkata allowed the assessee's appeal against reopening of assessment u/s 147 for AY 2017-18. The assessee had provided complete bank statements and agreement with foreign pharmaceutical company for reagent reimbursement. AO made addition u/s 69A for unexplained foreign remittance despite income being reflected in audited books. The tribunal found reopening proceedings illegal and invalid, noting AO ignored supplied materials and made addition under different section than proposed in draft order. Addition confirmed by CIT(A) was deleted. en-us Mon, 17 Mar 2025 00:00:00 +0530 Tue, 20 May 2025 12:46:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771200 ITAT Kolkata allowed the assessee's appeal against reopening of assessment u/s 147 for AY 2017-18. The assessee had provided complete bank statements and agreement with foreign pharmaceutical company for reagent reimbursement. AO made addition u/s 69A for unexplained foreign remittance despite income being reflected in audited books. The tribunal found reopening proceedings illegal and invalid, noting AO ignored supplied materials and made addition under different section than proposed in draft order. Addition confirmed by CIT(A) was deleted. Case-Laws Income Tax Mon, 17 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771200