Mere Suspicion without Valid Reason not sufficient to Initiate Reassessment: ITAT [Read Order]

Reassessment - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT) Delhi Bench, has recently, in an appeal filed before it, held that mere suspicion without valid reason is not sufficient to initiate reassessment. The aforesaid observation was made by the Tribunal when an appeal was filed before it by an assessee as against the order dated 31.01.2019 of the…

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