Reassessment justified in case there was enough material before AO

Hiteshkumar Babulal Ramani Vs ACIT (Gujrat High Court) Conclusion: Reassessment by AO was justified as it could not be said that there was no material before AO to re­open the assessment and he proceeded mechanically based on the sole information received from the Investigation Wing and the impugned notice was without jurisdiction and contrary to Section 147. Held: Assessee had filed his return of income for A.Y. 2014­-15 declaring total income of Rs.8,56,000/­ and same was processed under Section 143 (1) and thus, accepted without any scrutiny. Survey under Section 130 A was conducted in t...