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2013 (10) TMI 1415 - ITAT DELHIReopening of assessment - Held that:- AO was not justified in initiating the reopening proceedings in the present case merely on the basis of information received from the investigation wing of the department, without reference to any document or statement in absence of which, the information could not be regarded as a material or evidence that prime facie showed or established nexus or link which disclosed escapement of income. We thus while setting aside the orders of the authorities below in this regard hold that the notice issued u/s 148 of the Act in the present case was not as per the requirement of section 47 of the Act and is thus invalid. The assessment framed in furtherance to the said notice u/s 148 of the Act is thus quashed as null and void in consequence.
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