The Tribunal held that  the reasons for reopening the assessment revealed that assessment was reopened on the question of excess loss  claimed by the assessee but no addition of this amount was made in the reassessment order. The addition made in the reassessment order was   was totally silent on the ground on which the addition was made. The Assessing Officer simply observed that he received information from the National Multi-Commodity Exchange at Ahmedabad in response to notice under section 133(6) of the Act that the assessee had earned profit. There  were totally in contradiction to each other. There was no application of mind at the end of the Assessing Officer. Although it was a best judgment assessment order the Assessing Officer was obliged to conduct a proper enquiry and ascertain the complete facts before reopening the assessment and pass the reassessment order under section 147 / 143(3) of the Act. The quantum addition in itself ought to have not been made and might be deleted in the appellate proceedings.  CIT v. Jet Airways (I.) Ltd. [2011) 331 ITR 236 (Bom)(HC)  Ranbaxy Laboratories Ltd. v. CIT [2011 336 ITR 136 (Delhi)(HC)  CIT v. Mohmed Juned Dadani [2013 355 ITR 172 (Guj) (HC)    (AY. 2010-11)