ITAT invalidates Reopening of Income Tax Assessment as reasons, information referred was extremely Scanty, Sudden jump to conclusions [Read Order]

ITAT - Reopening - Income Tax Assessment - reasons - information - scanty - sudden jump - conclusions - Taxscan

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has invalidated Reopening of Income Tax Assessment as reasons, information referred was extremely scanty, sudden jump to conclusions. The assessee, Ravi Parkash Aggarwal has filed return of income declaring total income. Owing to the search conducted u/s 132 of the Income Tax Act, 1961 notice u/s…

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