Borrowed Satisfaction from Investigation Wing Not Permissible

Ravindra Kumar Gupta Vs DCIT (ITAT Delhi) ITAT Delhi Quashes Reassessment for Non-Supply of Material and Mechanical Reliance on Investigation Report The Delhi Bench of the ITAT held that the reassessment proceedings for AY 2018-19 were invalid and quashed the entire reassessment order. The Tribunal found that the Assessing Officer reopened the assessment merely on the basis of vague information from an investigation wing relating to alleged accommodation entries, without supplying any concrete or relied-upon material to the assessee at the stage of section 148A(b). The show cause notice lacked...