Allowing the appeal of the assessee the tribunal held that, issue of notice mechanically without application of mind . Assessment is held to be bad in law . followed PCIT v .PMG Polyvingl ( I) Ltd (2017 ) 396 ITR 5 ( Delhi ) (HC) ( ITA No. 7347 /Delhi/ 2018 dt 11-6 -2020)
Omvir Singh v. ITO ( 2020) BCAJ -July -P 47 ( Delhi ) (Trib)
S. 147 : Reassessment – Cash deposits -Cash credits – Issue of notice mechanically without application of mind – Assessment is held to be bad in law [ S.68, 148 ]