Tribunal held that ; Reassessment on the basis of information received from investigation wing for alleged accommodation entries and denial by parties the reopening was held to be bad in law as the Assessing Officer recorded incorrect and non-existing reasons for reopening of the assessment. The reopening of the assessment was void and bad in law.( AY. 2007 -08)
DCIT v. VSB Investment Pvt. Ltd. (2018) 61 ITR 16 (Delhi) (Trib)
S. 147: Reassessment- Reassessment on the basis of information received from investigation wing for alleged accommodation entries and denial by parties the reopening was held to be bad in law [ S. 148 ]