https://www.taxtmi.com/caselaws?id=774830 The HC dismissed the Revenue's appeal challenging the Tribunal's decision that allowed the assessee's appeal against reopening of assessment under Section 147. The Tribunal found that the AO failed to apply independent mind to information received from DDIT (Investigation), Kolkata, merely extracting reasons without verification. The AO incorrectly noted facts including the assessee's name and wrongly assumed existence of unsecured loan from another company. The Tribunal concluded the reopening was bad in law due to lack of proper verification and independent application of mind. The HC found no justifiable grounds to upset the Tribunal's factual findings and upheld the decision invalidating the assessment reopening. en-us Tue, 01 Jul 2025 00:00:00 +0530 Mon, 14 Jul 2025 10:46:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774830 The HC dismissed the Revenue's appeal challenging the Tribunal's decision that allowed the assessee's appeal against reopening of assessment under Section 147. The Tribunal found that the AO failed to apply independent mind to information received from DDIT (Investigation), Kolkata, merely extracting reasons without verification. The AO incorrectly noted facts including the assessee's name and wrongly assumed existence of unsecured loan from another company. The Tribunal concluded the reopening was bad in law due to lack of proper verification and independent application of mind. The HC found no justifiable grounds to upset the Tribunal's factual findings and upheld the decision invalidating the assessment reopening. Case-Laws Income Tax Tue, 01 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774830