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2017 (4) TMI 706 - AT - Income TaxValidity of the reassessment proceedings u/s 147 r.w.s 148 - non application of ind by AO - Held that:- The proceedings u/s 148 of the Act were initiated only on the basis of the information received from the Investigation Wing of the department and the AO had not applied his own mind. Therefore, those proceedings were not valid. Accordingly, the reassessment framed by the AO is quashed. See PR. Commissioner of Income Tax-4 Versus G & G Pharma India Ltd.[2015 (10) TMI 754 - DELHI HIGH COURT] - Decided in favour of assessee.
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