https://www.taxtmi.com/caselaws?id=766964 ITAT Pune quashed reassessment proceedings under section 147 where the assessee had provided complete loan creditor details during original assessment. The AO had already obtained information under section 133(6) from the loan creditor and completed assessment under section 143(3). The tribunal found no failure by assessee to disclose material facts and held that AO merely reopened assessment based on Investigation Wing information without applying independent mind, lacking valid reason to believe for reopening beyond four years. en-us Thu, 19 Sep 2024 00:00:00 +0530 Fri, 07 Mar 2025 08:41:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766964 ITAT Pune quashed reassessment proceedings under section 147 where the assessee had provided complete loan creditor details during original assessment. The AO had already obtained information under section 133(6) from the loan creditor and completed assessment under section 143(3). The tribunal found no failure by assessee to disclose material facts and held that AO merely reopened assessment based on Investigation Wing information without applying independent mind, lacking valid reason to believe for reopening beyond four years. Case-Laws Income Tax Thu, 19 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766964