https://www.taxtmi.com/caselaws?id=767144 ITAT Delhi dismissed Revenue's appeal challenging CIT(A)'s order quashing reassessment under section 147. The AO reopened assessment based on information regarding property investments and additions under section 69A, but failed to provide copy of reasons or approval to the assessee despite requests. ITAT held the reasons recorded were generic and unintelligible, lacking specific particulars of alleged investments, dates, or reliable material to justify belief. The reasons constituted mere suspicion rather than requisite belief for valid reopening. Without proper jurisdictional compliance and meaningful disclosure, the reassessment was deemed without legal sanction and bad in law. en-us Fri, 07 Mar 2025 00:00:00 +0530 Tue, 11 Mar 2025 08:33:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767144 ITAT Delhi dismissed Revenue's appeal challenging CIT(A)'s order quashing reassessment under section 147. The AO reopened assessment based on information regarding property investments and additions under section 69A, but failed to provide copy of reasons or approval to the assessee despite requests. ITAT held the reasons recorded were generic and unintelligible, lacking specific particulars of alleged investments, dates, or reliable material to justify belief. The reasons constituted mere suspicion rather than requisite belief for valid reopening. Without proper jurisdictional compliance and meaningful disclosure, the reassessment was deemed without legal sanction and bad in law. Case-Laws Income Tax Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767144