https://www.taxtmi.com/caselaws?id=759875 ITAT Jaipur quashed reassessment proceedings under section 147 as the AO initiated action based on unverified information from Sub Registrar without independent verification, and CIT's approval was granted without applying independent mind. The tribunal found the reopening unsustainable due to borrowed satisfaction rather than independent application of mind. Additionally, the addition under section 69 was deleted as AO failed to specify the legal provision under which addition was made, violating principles of natural justice and due process requirements. en-us Tue, 01 Oct 2024 00:00:00 +0530 Thu, 10 Oct 2024 08:27:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759875 ITAT Jaipur quashed reassessment proceedings under section 147 as the AO initiated action based on unverified information from Sub Registrar without independent verification, and CIT's approval was granted without applying independent mind. The tribunal found the reopening unsustainable due to borrowed satisfaction rather than independent application of mind. Additionally, the addition under section 69 was deleted as AO failed to specify the legal provision under which addition was made, violating principles of natural justice and due process requirements. Case-Laws Income Tax Tue, 01 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759875