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2017 (12) TMI 1813 - AT - Income TaxReopening of assessment u/s 147 - addition u/s 68 - HELD THAT:- Identical issue had come up before the Tribunal in assessee’s own case in the immediately preceding assessment year and the Tribunal held the reassessment proceedings as not valid in the present case, the reopening was done only on the basis of information received from Investigation Wing. Therefore, in view of the ratio laid down by the Hon’ble Jurisdictional High Court [2015 (10) TMI 754 - DELHI HIGH COURT] the reopening was not valid and the subsequent assessment framed was void ab initio. Accordingly, the same is set-aside. - Decided in favour of assessee.
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