No reassessment based on wrong, non-existing & incorrect facts

Dheeraj Yadav Vs ITO (ITAT Delhi)

Conclusion: AO had recorded incorrect, wrong and non-existing reasons for reopening of the assessment and also failed to verify the information received by him before recording the reasons for reopening of the assessment. Thus, there was clearly non-application of mind on the part of AO to initiate the re-assessment proceedings. Thus, the reopening of assessment could not be sustained in Law.

Held:  AO initiated proceedi

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