Dismissing the appeal of the revenue the Tribunal held that;merely on the basis of DIT(Inv.) without verification is without application of mind hence the reassessment is held to be bad in law .( AY. 2003-04)
CIT v. SNG Developers Ltd. (2018) 404 ITR 312 (Delhi) (HC)
S.147: Reassessment — Accommodation entries -Non application of mind -Merely on the basis of DIT(Inv.) without verification , reassessment is held to be bad in law [ S.148 ]