Suspicion is Not Belief: ITAT Ranchi quashes reopening based on Mere Suspicion

Dhrub Narayan Parihast Vs ITO (ITAT Ranchi) Reopening on “Reason to Suspect” quashed – No Reassessment without Tangible Material; Suspicion is Not Belief- ITAT Ranchi quashes reopening based on Mere Suspicion Ranchi ITAT has quashed the reassessment proceedings initiated u/s 147, holding that the reasons recorded by AO were nothing but a case of “reason to suspect” & not “reason to believe.” Assessee, who was working as Head Pujari in Shiv Temple, was subjected to reopening of assessment for AY 2009-10. AO recorded reasons based upon an investigation report of the DDIT (Inv.)...