Dismissing the appeal of the revenue the Court held that the reasons only referred to need to verify the documents and there is no link between the statement with the rest of the reasons supllied. Relied on Nivi Trading Ltd v. UOI (2015) 375 ITR 308 (Bom)(HC). (AY. 2006-07)
PCIT v. Sheetal Dushyant (2022) 134 Taxman 327 (Bom.) (HC) Editorial : SLP of revenue is dismissed; PCIT v. Sheetal Dushyant (2022) 285 Taxman 85 (SC)
S. 147 : Reassessment-With in four years-Change of opinion-Information from investigation wing-Reassessment was quashed. [S. 143(3), 148]