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

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