https://www.taxtmi.com/caselaws?id=771883 Delhi HC set aside reassessment proceedings under Section 148A, ruling that AO cannot reject assessee's evidence solely based on unsubstantiated reports alleging bogus entity status. Court held that Section 148A requires meaningful opportunity for assessee to respond and AO must examine counter-evidence produced. Simply reiterating portal information without proper examination renders Section 148A procedure meaningless. Proceedings regarding addition under Section 68 were quashed in favor of assessee. en-us Thu, 22 May 2025 00:00:00 +0530 Thu, 30 Apr 2026 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771883 Delhi HC set aside reassessment proceedings under Section 148A, ruling that AO cannot reject assessee's evidence solely based on unsubstantiated reports alleging bogus entity status. Court held that Section 148A requires meaningful opportunity for assessee to respond and AO must examine counter-evidence produced. Simply reiterating portal information without proper examination renders Section 148A procedure meaningless. Proceedings regarding addition under Section 68 were quashed in favor of assessee. Case-Laws Income Tax Thu, 22 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771883