Bombay HC Quashes Reassessment order which was based on mere GST DGGI information

KEC International Ltd. Vs Union of India (Bombay High Court) Jurisdictional Assessing office other than AO Lehandas Arjun Janbandhu to pass fresh orders, after furnishing report received from DGGI to the petitioner. The petitioner is a trader. It purchases goods from one M/s EMI transmission and exported the same. Some of the goods were supplied to power grids. Notice under section 148(a)(b) of the Income Tax was issued proposing addition on the ground that a report has been received from DGGI that one M/s Curzen is engaged in preparing fake/bogus bills and has dealt with M/s EMI Transmission,...