https://www.taxtmi.com/caselaws?id=464453 ITAT-Ahmedabad set aside the reopening under s.147, holding the AO failed to identify any specific sale deed, property, seller or particulars of alleged subsequent profit from the purported "Reevera" investment. The tribunal found the reassessment was founded on an incorrect factual presumption, noting the assessment order lacked necessary details to sustain reopening. Consequently the reassessment order under s.147 was quashed and the appeal of the assessee was allowed. en-us Fri, 24 Jan 2025 00:00:00 +0530 Thu, 30 Oct 2025 11:49:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464453 ITAT-Ahmedabad set aside the reopening under s.147, holding the AO failed to identify any specific sale deed, property, seller or particulars of alleged subsequent profit from the purported "Reevera" investment. The tribunal found the reassessment was founded on an incorrect factual presumption, noting the assessment order lacked necessary details to sustain reopening. Consequently the reassessment order under s.147 was quashed and the appeal of the assessee was allowed. Case-Laws Income Tax Fri, 24 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464453