Reopening of assessment not allowed for mere verification of claim

Inderjeet Kohli Vs DCIT (ITAT Delhi) As far as the second allegation, namely the verification of source of commodity transactions and its income is concerned, I find that as per the reasons recorded, the AO wants to verify it. In view of the settled position of law that for a mere verification of the claim, the power of reopening of assessment cannot be exercised. Hon’ble Gujarat High Court in the case of Inductotherm (India) P. Ltd. Vs. M. Gopalan, reported in 2013 356 ITR 481 has held that for a mere verification of the claim, the power of re-opening of the assessment could not be exercise...