https://www.taxtmi.com/caselaws?id=768630 Gujarat HC quashed reassessment notice u/s 147 where AO mechanically recorded reasons based on survey/search of third party without providing supporting material to petitioner. Court held AO failed to establish link between seized material and petitioner's transactions, improperly withheld documents claiming confidentiality, and inadequately considered objections. Without proper material demonstrating escaped income, AO lacked jurisdiction to reopen assessment. Petition allowed in favor of assessee. en-us Mon, 20 Jan 2025 00:00:00 +0530 Thu, 10 Apr 2025 08:32:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768630 Gujarat HC quashed reassessment notice u/s 147 where AO mechanically recorded reasons based on survey/search of third party without providing supporting material to petitioner. Court held AO failed to establish link between seized material and petitioner's transactions, improperly withheld documents claiming confidentiality, and inadequately considered objections. Without proper material demonstrating escaped income, AO lacked jurisdiction to reopen assessment. Petition allowed in favor of assessee. Case-Laws Income Tax Mon, 20 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768630