Court Questions Validity of Reopened Assessment u/s 147 Due to Assessing Officer's Lack of Due Diligence.

Reopening of assessment u/s 147 - bogus accommodation entries receipts - What perplexes us as much as the assessee was perplexed is how can a company provide bogus entry to itself. - The facts clearly shows total non application of mind by the Assessing Officer Mr. Suryavanshi. His statement in the reasons “ and after careful application of mind ” is risible. There is total non application of mind. - HC .....

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