Reassessment u/s. 147 based on information without application of mind is bad-in-law

DCIT Vs CDS Infra Projects Ltd (ITAT Delhi)

ITAT Delhi held that reopening of assessment under section 147 of the Income Tax Act, solely on the basis of information received, without application of mind is bad-in-law and liable to be quashed. Accordingly, appeal of revenue dismissed.

Facts- The appeal filed by the Revenue and Cross-Objections filed by the assessee are against order dated 08.03.2023 of Learned Commissioner of Income Tax (Appeals)/National Faceless Assessment Centre (NFAC), Delhi under Section 250 of the Income Tax Act, 1961 arising out of Or

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