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2023 (6) TMI 768 - AT - Income TaxReopening of assessment u/s 147 - Unexplained cash credit u/s. 68 - HELD THAT:- Reasons to believe for reopening and recorded reasons clearly set out to verify the source of amount of investment and not set out the escapement of income. In case of Manzi Dineshkumar Shah [2018 (5) TMI 1176 - GUJARAT HIGH COURT] has clearly set out that the AO cannot reopen the assessment which was already been verified by the AO. Thus, the reasons recorded here are not justified by the authority. Hence, the assessment itself is void ab initio - Decided in favour of assessee.
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