ITAT Upholds Deletion of Re-assessment Order by CIT(A) on ground of Reopening done on Unverified Information [Read Order]

ITAT - Deletion – Re - assessment - CIT(A) - ground - Reopening - Unverified – Information - TAXSCAN

The New Delhi bench of the Income Tax Appellate Tribunal (ITAT) upheld the re-assessment order passed by the assessing officer quashed by the Commissioner of Income Tax (Appeals) on the ground of reopening had been done on unverified information.  Tarik Tondon, the respondent assessee challenged the reopening of the assessment along with the addition made…

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