DGIT (Inv.) Inputs Alone Can’t Justify Reopening: ITAT

Mahak Doshi Vs ITO (ITAT Kolkata) DGIT (Inv.) Info Alone Not Enough- Borrowed Satisfaction on Penny Stock Info Invalid: Cryptic Reasons, No Application of Mind—Notice u/s 148 Set Aside by ITAT Kolkata Kolkata ITAT ‘SMC’ Bench in Mahak Doshi (L/H of Aditya Doshi) vs ITO  (ITA No.2075/Kol/2025, AY 2011-12, order dated 23-12-2025) quashed the reassessment proceedings in entirety, holding that the reopening was based purely on borrowed satisfaction and vague, cryptic reasons without independent application of mind. The assessee had originally filed return declaring income of ₹10.82 lakh. ...