Court Upholds Tribunal's Decision: Re-assessment Quashed Due to Lack of Communication u/s 147 of Income Tax Act.

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....Reopening of assessment u/s 147 - the Revenue could not produce any evidence to show that the reasons recorded were provided to the assessee in spite of opportunity having been granted by the Tribunal. Thus, we find that the Tribunal was right in allowing the assessee's appeal and quashing the re-assessment proceedings. - HC....