Reassessment of Alleged Bogus Expenditure Unjustified Due to Lack of Evidence and TDS Deductions Indicating Legitimacy.

Reopening of assessment - bogus expenditure - There is nothing to show that the entities to whom payments were made (by the assessee) were fictitious; in fact TDS amounts were apparently deducted. There was no fresh evidence supporting the reassessment. Consequently, there was no tangible, specific material to justify the impugned reassessment notice. .....

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