Manish Rajnarain Goswami v. ITO (2024) 230 TTJ 911 / 240 DTR 169 / 38 NYPTTJ 484 (Mum)(Trib)

S. 147: Reassessment-Cash deposit-No mentioning of name of asseessee in Investigation report-Objection not fully disposed of-Reassessment is quashed. [S.68,133(6), 148]

Held that in the investigation report  the name of the assessee is nowhere mentioned in the entire list of beneficiaries of dubious transfer of large funds who are named in the report received from the Asstt. Director of IT (Inv.), impugned notice under s. 148 issued on the basis of said report is bad in law. Tribunal also held that the objections raised by the assessee have not been fully disposed by the AO. (AY. 2011-12)

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