No Reassessment proceedings initiated u/s. 148  of IT Act without Proper Verification of Recorded details of Documents : ITAT [Read Order]

The Kolkata bench of the Income Tax Appellate Tribunal(ITAT) held that no reassessment proceedings were initiated under section 148 of the Income Tax Act,1961 without proper verification of recorded details of documents. Salarpuria Properties Pvt, the appellant assessee appealed against the order passed by the Commissioner of Income Tax (Appeals) for confirming the reassessment order…