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![Reassessment Based on Borrowed Belief from ACB Report Invalid: ITAT Quashes S.147 & S. [Read Order]](https://images.taxscan.in/h-upload/2025/11/12/500x300_2104658-reassessment-borrowed-belief-acb-report-invalid-itat-taxscan.webp "Reassessment Based on Borrowed Belief from ACB Report Invalid: ITAT Quashes S.147 & S. [Read Order]")
Reassessment Based on Borrowed Belief from ACB Report Invalid: ITAT Quashes S.147 & S. [Read Order]
In a consolidated decision covering AYs 2014-19, the Ahmedabad bench of Income Tax Appellate Tribunal (ITAT) held that reassessment proceedings...