https://www.taxtmi.com/highlights?id=73849 Validity of reopening of assessment - Reasons were recorded by the Assessing Officer in an arbitrary manner and there is no application of mind by the AO. For example, the reasons stated that assessee has deposited an amount in his bank account to the tune of X amount, whereas the actual amount deposited in the bank account by the assessee was to the tune of Y Amount hence reasons were recorded on arbitrary basis and there is no application of mind by the AO. - AT en-us Sat, 30 Dec 2023 09:13:24 +0530 Sat, 30 Dec 2023 09:13:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=73849 Validity of reopening of assessment - Reasons were recorded by the Assessing Officer in an arbitrary manner and there is no application of mind by the AO. For example, the reasons stated that assessee has deposited an amount in his bank account to the tune of X amount, whereas the actual amount deposited in the bank account by the assessee was to the tune of Y Amount hence reasons were recorded on arbitrary basis and there is no application of mind by the AO. - AT Highlights Income Tax Sat, 30 Dec 2023 09:13:24 +0530 https://www.taxtmi.com/highlights?id=73849