ITAT Dehradun Quashes Reassessment – Borrowed Satisfaction, Mechanical Approval & Third-Party Loose Papers Held Insufficient

Sanjay Rawat Vs ACIT (ITAT Dehradun)

Reassessment Quashed – Borrowed Satisfaction & Mechanical Approval Held Invalid – Loose Papers from Third Party Not Sufficient – ITAT Dehradun

The ITAT Dehradun allowed all three appeals of the assessee and quashed reassessment proceedings initiated u/s 147 based solely on loose papers impounded during a third-party survey. The AO had reopened assessments alleging unexplained receipts of ₹1.55 crore and ₹1 crore relying on entries in loose sheet

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