Reassessment nullified for 2020-21 due to lack of evidence on alleged IGST refund issue. Disallowed expenses unrelated to that year.

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....Reopening of assessment u/s 147 was challenged due to lack of material relating to alleged wrongful IGST refunds for assessment year 2020-21. Disallowable expenditure pertained to financial years 2017-18 and 2018-19, corresponding to assessment years 2018-19 and 2019-20. Petitioner's reply revealed IGST refund issue was concluded in its favor. High Court found reassessment unsustainable due to absence of relevant material for assessment year 2020-21, deciding in favor of assessee.....