https://www.taxtmi.com/caselaws?id=777332 ITAT Kolkata - AT set aside the reopening and allowed the taxpayer's appeal, holding the reasons for reopening were vague, scanty and based solely on investigation-wing information without particulars of the alleged high-value transactions. The AO lacked details showing how income escaped assessment, and the PCIT's approval under section 151 was mechanical, failing to record independent satisfaction. Reopening on such vague grounds was held unsustainable and the notice under section 148 was invalid. 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=777332 ITAT Kolkata - AT set aside the reopening and allowed the taxpayer's appeal, holding the reasons for reopening were vague, scanty and based solely on investigation-wing information without particulars of the alleged high-value transactions. The AO lacked details showing how income escaped assessment, and the PCIT's approval under section 151 was mechanical, failing to record independent satisfaction. Reopening on such vague grounds was held unsustainable and the notice under section 148 was invalid. Case-Laws Income Tax Tue, 26 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777332