AO blindly relied Investigation Wing report for Reopening Assessment, No application of mind: ITAT quashes Reassessment Order [Read Order]
Reassessment proceedings deemed unreasonable due to lack of independent application of mind by the Assessing Officer, solely relying on investigation reports, with vague reasons
The Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) has nullified the Reassessment Order, pointing out that the Assessing Officer ( AO ) relied blindly on the Investigation Wing report for reopening the assessment without due diligence. Initially, the assessee filed the return of income for the Assessment Year 2010-11 on September…
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