Reopening of assessment u/s 147 - addition u/s 68 as unexplained cash credit - information received from...

Reopening of assessment u/s 147 - addition u/s 68 as unexplained cash credit - information received from DRI - AO is not empowered in law to carry out any enquiry, if no assessment proceeding are pending. The reassessment proceedings thus, empower the AO to verify correctness of the information - Reopening held as valid. .....

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