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Reassessment Based Solely on Investigation Wing Report Without Independent Application of Mind Is Invalid: ITAT

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The Income Tax Appellate Tribunal (ITAT), Delhi Bench, has quashed a reassessment holding that the reopening of assessment under Section 147 of the Income Tax Act cannot be sustained when it is based merely on information from the Investigation Wing without independent verification by the Assessing Officer. The bench of Vimal Kumar (Judicial Member) and…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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