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| The Tax Publishers2009 TaxPub(DT) 0775 (Del-Trib) : (2010) 031 (II) ITCL 0580 : (2009) 125 TTJ 0816 Dy. CIT v. Rainee Singh
INCOME TAX ACT 1961
Reassessment - Notice under section 148 -Validity -Assessment was sought to be reopened by the issuance of notice under section 148 based on the information received from the office of the Director General of IT (Inv.) with regard to a complaint against the Sahara Pariwar:
Held: The reopening of assessment was based on mere suspicion. The AO had not made any effort to satisfy himself as to whether the information received from the office of the Director General of IT (Inv.) had some basis or not it. Hence the reassessment proceedings were initiated in a mechanical manner on vague grounds. The reopening of assessment, based on mere suspicion, was invalid in law and, therefore, liable to be quashed.
Income tax act 1961 section 147
Decision : In favour of assessee.
A.Y : 1998-99 to 2000-01
Case law analysis :Dy. CIT v. Rainee Singh [2009] 125 TTJ (Delhi) 816  SUBSCRIBE FOR FULL CONTENT
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