Penalty Imposed on PCIT and JAO for Mechanical Orders in Reassessment Proceedings

C. C. Dangi & Associates Vs ACIT (Bombay High Court) Penalty was leviable on PCIT and JAO for mechanically passing the orders in the reassessment proceedings without application of mind Conclusion: AO merely on the basis of the information as found from the CGST authorities that certain entities were engaged in issuing/generating/providing fake/bogus invoices to pass on a fraudulent “Input tax credit” (“ITC”) without supply could not have proceeded to take steps to reopen assessee’s assessment, when none of the materials from the CGST portal were relevant qua  assessee was conce...