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
AO blindly - investigation Wing - Reopening Assessment - Application of Mind - ITAT quashes Reassessment - taxscan

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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