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2021 (10) TMI 9 - AT - Income TaxReopening of assessment u/s 147 - addition u/s 68 on account of bogus purchases - HELD THAT:- As decided in the case of Nihal Chand Rakyan [2017 (12) TMI 1813 - ITAT DELHI] reassessment proceedings initiated by the Assessing Officer is invalid. Therefore, subsequent assessment framed is void ab initio. In the result, the appeal filed by the assessee is allowed on the issue of validity of the reassessment proceedings. - Decided in favour of assessee.
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