Reopening of assessment based on approval granted in routine/ casual manner is untenable

Kadir Ahmed Vs ITO (ITAT Delhi) ITAT Delhi held that reopening of the assessment u/s 147 of the Income Tax Act based on the approval granted in a routine and casual manner is unsustainable in the eye of law. Facts- The Department has received Non PAN AIR information regarding cash deposit of Rs.21,55,000/- in the saving bank account of the assessee during F.Y. 2009-10. Therefore, the case of the assessee was reopened u/s. 147 of the I.T. Act, 1961 by issuing notice u/s. 148 of the I.T. Act, 1961. It was explained that the assessee has sold a property which is located near Surajpur, Greater Noi...