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In this appeal the assessee challenged the reopening of the assessment under section 147 of the I.T. Act, 1961 and addition of Rs. 4 lakhs under section 68 of the I.T. Act, 1961.

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Sec. 68 & 147 of Income Tax Act, 1961—Reassessment— Reassessment and addition made were invalid as Tribunal has accepted the contention of assessee and deleted the addition based on the identical issue of asssessee - NEETU NAYYAR V/s DEPUTY CIT - [2020] 28 ITCD Online 021 (ITAT-DELHI)