The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) has quashed reassessment orders passed against Shah Mahendrakumar Mafatlal HUF for Assessment Years 2014-15 and 2015-16, holding that the reopening was based on incorrect information and without any supporting evidence.When the very foundation of reopening is flawed, the entire proceedings are vitiated. The Bench of…
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