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2021 (1) TMI 770 - AT - Income TaxReopening of assessment u/s 147 - unexplained deposits - HELD THAT:- It is in respect of deposit of ₹ 10 lac in Smt. Amarpreet Kaur and such FIR information does not mention or pertain to the assessee. Thus, the reasons recorded are based on factually incorrect information which admittedly does not belong to the assessee. The action of the AO for reopening the case u/s 147 is mechanical and without any application of mind, and therefore, the entire reasons recorded on such erroneous presumption of information or material cannot clothe Assessing Officer with jurisdiction u/s.147 and same is therefore bad in law and is quashed. - Decided in favour of assessee.
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