https://www.taxtmi.com/caselaws?id=310575 Delhi HC ruled in favor of petitioner in reopening assessment case under section 147. Revenue alleged petitioner received bogus entries from entry provider Ramesh Kumar Bagri. Court examined CBI certificates confirming no remittance of Rs.1,76,00,000 was made from petitioner's accounts on specified date, nor was amount credited to Bagri's account. HC found insufficient information or material available to trigger proceedings under sections 148/148A(d) of the Act, effectively staying the reassessment proceedings. en-us Fri, 16 Dec 2022 00:00:00 +0530 Tue, 31 Oct 2023 21:08:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310575 Delhi HC ruled in favor of petitioner in reopening assessment case under section 147. Revenue alleged petitioner received bogus entries from entry provider Ramesh Kumar Bagri. Court examined CBI certificates confirming no remittance of Rs.1,76,00,000 was made from petitioner's accounts on specified date, nor was amount credited to Bagri's account. HC found insufficient information or material available to trigger proceedings under sections 148/148A(d) of the Act, effectively staying the reassessment proceedings. Case-Laws Income Tax Fri, 16 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310575