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2015 (11) TMI 1523 - AT - Income TaxReopening of assessment - reasons to believe - Held that:- No fresh material is brought by the Revenue on record but the assessment has been reopened on the basis of the return of income and the documents submitted alongwith the return of income. Therefore reopening of assessment is not valid. Hence, the same is quashed and accordingly, the assessment order passed in pursuance of the notice issued under section 148 is also quashed. Also see CIT vs. Orient Craft Ltd [2013 (1) TMI 177 - DELHI HIGH COURT ] - Decided in favour of assessee.
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