https://www.taxtmi.com/caselaws?id=447874 DELHI HC held the reassessment under s.147/s.148 invalid because the AO triggered proceedings without independent application of mind, relying on borrowed satisfaction and failing to consider or articulate reasons based on the material allegedly showing accommodation entries. The court found opacity in the record, absence of proper enquiries and non-use of crucial letters available to the AO, and concluded the notice and order could not be sustained. Decision for the assessee. en-us Thu, 21 Dec 2023 00:00:00 +0530 Fri, 22 Aug 2025 15:26:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447874 DELHI HC held the reassessment under s.147/s.148 invalid because the AO triggered proceedings without independent application of mind, relying on borrowed satisfaction and failing to consider or articulate reasons based on the material allegedly showing accommodation entries. The court found opacity in the record, absence of proper enquiries and non-use of crucial letters available to the AO, and concluded the notice and order could not be sustained. Decision for the assessee. Case-Laws Income Tax Thu, 21 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447874