Bombay HC Dismisses Revenue’s Appeal, Upholds ITAT Order Quashing ‘Mechanical’ Reassessment Initiated Without AO’s Independent Satisfaction

The Bombay High Court has upheld the order passed by the Income Tax Appellate Tribunal (ITAT) that had nullified a reassessment initiated by the tax authorities. The High Court dismissed the revenue department's appeal, concurring with the ITAT's finding that the reassessment was initiated in a mechanical manner without the Assessing Officer (AO) applying their own independent judgment and reasoning to the available information, thereby failing to meet the necessary legal standards for reopening an assessment.