Assessment Reopening u/s 147 Challenged Due to Vague Reasons and Lack of Coherent Information.

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....Validity of reopening of the assessment u/s 147 - a perusal of the reasons would indicate that there is no coherence between the information available with the AO visà-vis transaction of the assessee, and formation of belief that income has escaped the assessment. These reasons are vague and inconclusive - AT....