https://www.taxtmi.com/caselaws?id=445155 Delhi HC held that reassessment proceedings against the petitioner were invalid due to mistaken identity. The Income Tax Department alleged the petitioner received bogus entries from Ramesh Kumar Bagri, but investigation revealed no transactions occurred between them during the relevant financial year. The Investigation Wing erroneously included the petitioner's name due to similarity with another entity. The court quashed the reassessment proceedings, ruling in favor of the assessee as the fundamental basis for reopening assessment was factually incorrect. en-us Fri, 13 Oct 2023 00:00:00 +0530 Tue, 31 Oct 2023 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445155 Delhi HC held that reassessment proceedings against the petitioner were invalid due to mistaken identity. The Income Tax Department alleged the petitioner received bogus entries from Ramesh Kumar Bagri, but investigation revealed no transactions occurred between them during the relevant financial year. The Investigation Wing erroneously included the petitioner's name due to similarity with another entity. The court quashed the reassessment proceedings, ruling in favor of the assessee as the fundamental basis for reopening assessment was factually incorrect. Case-Laws Income Tax Fri, 13 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445155