https://www.taxtmi.com/caselaws?id=777335 ITAT held that reopening of assessment after four years was invalid where the AO, despite receiving investigation-wing information, did not verify it or seek transaction-specific details earlier; the assessee had disclosed purchases and furnished delivery proofs and party details, and was not obliged to provide purchaser confirmations with the original return. The proviso to section 147 conditions were not met, so reassessment under 143(3)/147 was quashed and the assessee's appeal allowed. en-us Tue, 26 Aug 2025 00:00:00 +0530 Thu, 28 Aug 2025 08:32:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777335 ITAT held that reopening of assessment after four years was invalid where the AO, despite receiving investigation-wing information, did not verify it or seek transaction-specific details earlier; the assessee had disclosed purchases and furnished delivery proofs and party details, and was not obliged to provide purchaser confirmations with the original return. The proviso to section 147 conditions were not met, so reassessment under 143(3)/147 was quashed and the assessee's appeal allowed. Case-Laws Income Tax Tue, 26 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777335