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2017 (7) TMI 1145 - AT - Income TaxValidity of reopening of assessment - unexplained cash credit u/s 68 - information obtained from the investigation wing - non independent application of mind by AO - Held that:- As relying upon the judgement of Hon’ble Delhi High Court in the case of Pr.CIT vs. G&G Pharma [2015 (10) TMI 754 - DELHI HIGH COURT] it is held that AO has not applied his mind and not come to an independent conclusion that he has reason to believe that the income of the Assessee has escaped assessment - thus proceedings u/s 148 is quashed - Decided against the revenue.
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