Reassessment merely on basis of documents accompanying return was unjustified

INCOME TAX : Where assessee came to know that assets purchased under leaseback agreement were non-existent, assessee did not declare any income from lease rental and same was mentioned in notes of accounts of financials accompanying return of income, reopening of assessment by Assessing Officer based only on documents accompanying return of income without discovering any other material indicating that income had escaped tax was to be quashed

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