Assessment Reopening u/s 147 Invalid Due to Lack of Valid Nexus; Section 148 Notice Void.

Reopening of assessment u/s 147 - The nexus between formation of belief and material basis which such belief is formed is clearly absent in the instant case and therefore, we are of the considered view that the notice issued under section 148 has no legal sanctity and cannot be sustained in the eyes of law - AT .....

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