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 sheets .  The Tribunal held that reopening was based on borrowed satisfaction from investigation wing in...