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Assessing Officer to apply mind while reopening assessment

In Elecon Engineering Co Ltd vs. ACIT, the Hon'ble Gujarat High Court held that under Section 147 of the IT Act, If the AO reopens the assessment on information supplied by the audit party without application of mind, the reopening is invalid. Likewise, if the AO disputes the findings of the audit party, he is not entitled to reopen the assessment. The reasons must show independent application of mind of the AO

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