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2017 (7) TMI 1041 - AT - Income TaxReopening of assessment - Held that:- AO simply acted upon the information received from the Investigation Wing and did not apply his own mind. Therefore, the reopening u/s 147 by issuing the notice u/s 148 of the Act only on the basis of information received from the Investigation Wing was not valid. Accordingly, the reassessment framed by the AO is held to be invalid and quashed. - Decided in favour of assessee.
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