An incorrect assumption of facts makes the entire reopening process legally untenable: ITAT Deharaudun
ITAT directed CIT (E) for giving Permanent Registration as procedural non-compliance with state law doesn’t automatically imply non-genuineness of charitable activity.
Sales recorded in books of account, even if alleged to be in genuine, do not result in income escaping assessment: Delhi HC
No Addition u/s 153A without incriminating material found during search – Statements of third parties not sufficient: ITAT Delhi
Reason to believe for Reassessment: AO must exercise discretion independently and not under the dictates of other authorities.
Re-assessment is valid if the AO independently verifies information and forms a reasoned belief of income escaping assessment.
Assessment order passed on a non-existent entity due to amalgamation is invalid considering the applicability of Section 170(2) of the Income Tax Act
Courts, Sub-Registrars must report if they come across cash transactions over Rs. 2 Lakhs to Income Tax Department: Supreme Court
Reasons recorded were vague and scanty and the approval has been granted mechanically – ITAT quashed the Reassessment Assessment
