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2016 (8) TMI 1406 - AT - Income TaxValidity of reopening of assessment u/s 147 - eligible reasons to believe - non independent application of mind by AO - borrowed knowledge - Held that:- AO has not applied his mind so as to come to an independent conclusion that he has reason to believe that income has escaped during the year - the reasons are vague and are not based on any tangible material as well as are not acceptable in the eyes of law. AO has mechanically issued notice u/s. 148 on the basis of information allegedly received by him from the DIT (Investigation), New Delhi. Thus the reopening in the case of the assessee for the AY in dispute is bad in law and deserves to be quashed. See Pr. CIT vs. G&G Pharma India Ltd. [2015 (10) TMI 754 - DELHI HIGH COURT]. - Decided in favour of assessee.
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