Reopening merely on the basis of information received without application of mind by AO is invalid

DCIT Vs M.D. Garments Pvt. Ltd. (ITAT Kolkata)

Assessment was reopened by AO merely on the basis of information received and there was no independent application of mind as AO failed to point out failure of assessee to furnish truly and fully all material facts. Therefore, reopening was not justified.

FULL TEXT OF THE ITAT JUDGMENT

This appeal is preferred by the revenue against the order of Ld. CIT (A) – 20, Kolkata dated 18.07.2017

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