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2016 (2) TMI 433 - AT - Income TaxValidity of reopening of assessment - Held that:- mere mentioning that sanctioning authority was satisfied is not sufficient to initiate re-assessment proceedings, where during the original assessment proceedings AO takes a particular view after considering the submission of the assessee. It is not the case where assessee had not filed details required by the AO. If the AO decided not to call for particular information the assessee cannot he held responsible for that omission/ commission. Therefore, we hold that there was no failure on part of the assessee to disclose material facts truly and fully. Considering all the facts cumulatively, we are of the opinion, that the order passed by the AO for both the AY. s were invalid. C. O. s filed by the assessee are decided in its favour.
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