The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the re-assessment under section 148 of the Income Tax Act without application of mind is not valid. In the instant case, the Assessing Officer reopened the assessment against the assessee by finding that as per AIR information the assessee sold/ purchase an […]
The post Re-Assessment without Application of Mind is Invalid: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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