https://www.taxtmi.com/caselaws?id=771684 ITAT Mumbai allowed the appeal for statistical purposes in a case involving reopening of assessment under section 147 and addition under section 68. The assessee's PAN was fraudulently used by M/s Ason Trading Co Ltd for opening a bank account and alleged RTGS transactions linked to money laundering. The tribunal found that the AO failed to conduct independent enquiry, did not issue notices under section 133(6) to Axis Bank, and relied solely on ITBA portal information without verifying details from the CBI case. The matter was restored to the AO for fresh adjudication after proper examination of all evidence. en-us Tue, 27 May 2025 00:00:00 +0530 Thu, 29 May 2025 08:41:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771684 ITAT Mumbai allowed the appeal for statistical purposes in a case involving reopening of assessment under section 147 and addition under section 68. The assessee's PAN was fraudulently used by M/s Ason Trading Co Ltd for opening a bank account and alleged RTGS transactions linked to money laundering. The tribunal found that the AO failed to conduct independent enquiry, did not issue notices under section 133(6) to Axis Bank, and relied solely on ITBA portal information without verifying details from the CBI case. The matter was restored to the AO for fresh adjudication after proper examination of all evidence. Case-Laws Income Tax Tue, 27 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771684