Reopening Quashed for Non-Supply of Material Relied Upon in Reasons

Ajay Kumar Bajaj Vs ITO (ITAT Raipur) Reopening Quashed for Non-Supply of Material Relied Upon in Reasons: ITAT Raipur Summary: The Raipur Bench (SMC) of the Income Tax Appellate Tribunal (ITAT) partly allowed the assessee’s appeal for AY 2017-18, holding that the reassessment proceedings were vitiated due to failure of the Assessing Officer to supply the material/information forming the basis of “reasons to believe.” In the present case, the assessment was reopened under sections 147/148 on the basis of certain “information/material” referred to in the recorded reasons. However, des...