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2020 (11) TMI 1007 - AT - Income TaxReopening of assessment u/s 147 - Accommodation entries obtained by the assessee from the entry operator - HELD THAT:- AO referred to six years of records of the entry operator but does not mention how he proposes to reopen the impugned assessment for AY 2008-09. There is no reference that how the report of investigation wing as well his own assessment gives him belief that, AY 2008- 09 is required to be reassessed. Further there is no reference as what nature of accommodation entries has been obtained by the assessee, through which companies and on which dates, though which medium. May be in assessment order complete details are mentioned, and they are in fact exhaustively mentioned, however the reasons recorded are devoid of the same. Therefore we do not have any hesitation in quashing reopening of assessment - Decided in favour of assessee.
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