MANGILAL DATLA,BANSWARA vs. INCOME TAX OFFICER, WARD BANSWARA, BANSWARA

In the result, the appeal filed by the assessee is allowed, both on legal issue\nas well as on facts

u/s 148 on the basis of borrowed information from the SFT-004\nCode, without verifying the correctness of the information and therefore re-assessment\nproceedings is absolutely bad in law and without jurisdiction and further AO not recorded his\nsatisfaction and re-assessment is based on borrowed satisfaction which was not sufficient to\nconfer power on the AO to initiate

ASHIANA BUILDPROP PRIVATE LIMITED,UDAIPUR vs. DCIT, CENTRAL CIRCLE-1, UDAIPUR, UDAIPUR