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AO Cannot Make Addition on Issues Outside Reasons Recorded for Reassessment: ITAT Upholds Deletion of Addition on Partner’s Remuneration & Interest in S. 10AA Case [Read Order]

Taxscan·13 hours ago·Global·1 min read
Source: Taxscan

The Tribunal upheld the CIT(A)’s order deleting an addition of Rs. 11.68 crores related to partner's remuneration and interest, as this issue was not the grounds for reopening the case.

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