https://www.taxtmi.com/caselaws?id=781081 ITAT DELHI - AT quashed reassessment proceedings under Sections 147/148, holding the AO's reason to believe was a borrowed satisfaction based solely on an investigation report that was neither furnished nor independently verified. The AO failed to inquire into alleged bogus purchases and wrongly presumed no prior assessment under Section 143(3), despite an existing assessment that had accepted the year's purchases. For these defects, the reopening was held unsustainable and the proceedings were invalid. en-us Fri, 29 Aug 2025 00:00:00 +0530 Tue, 11 Nov 2025 08:20:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=781081 ITAT DELHI - AT quashed reassessment proceedings under Sections 147/148, holding the AO's reason to believe was a borrowed satisfaction based solely on an investigation report that was neither furnished nor independently verified. The AO failed to inquire into alleged bogus purchases and wrongly presumed no prior assessment under Section 143(3), despite an existing assessment that had accepted the year's purchases. For these defects, the reopening was held unsustainable and the proceedings were invalid. Case-Laws Income Tax Fri, 29 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=781081