https://www.taxtmi.com/highlights?id=74105 Validity of reopening of assessment - borrowed satisfaction or not - even during the course of assessment proceedings, these parties were untraceable in the enquiry conducted u/s. 133(6) and assessee also could not produce these parties, thus it cannot be held that reasons were not based on any tangible material. Therefore, it cannot be held that reasons recorded by the ld. AO is merely a borrowed satisfaction. - Reopening proceedings are valid - AT en-us Thu, 11 Jan 2024 18:23:11 +0530 Thu, 11 Jan 2024 18:23:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74105 Validity of reopening of assessment - borrowed satisfaction or not - even during the course of assessment proceedings, these parties were untraceable in the enquiry conducted u/s. 133(6) and assessee also could not produce these parties, thus it cannot be held that reasons were not based on any tangible material. Therefore, it cannot be held that reasons recorded by the ld. AO is merely a borrowed satisfaction. - Reopening proceedings are valid - AT Highlights Income Tax Thu, 11 Jan 2024 18:23:11 +0530 https://www.taxtmi.com/highlights?id=74105