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![Assessment cannot be made on the basis of Mere Assumption: ITAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/01/Re-Assessment-Taxscan.jpg "Assessment cannot be made on the basis of Mere Assumption: ITAT Ahmedabad [Read Order]")
Assessment cannot be made on the basis of Mere Assumption: ITAT Ahmedabad [Read Order]
In Late Shri Shankarbhai Udhavdas Jetwani v. ITO, the Ahmedabad bench of the ITAT ruled that assessment based on mere assumption is illegal. The...