Assessment Reopening u/s 147 Deemed Invalid: Lack of Reassessment Reasons Voids Order, Says Hon'ble Third Member.

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....Validity of Reopening of assessment u/s 147 - Hon'ble Third Member concurred with the view taken by Hon'ble Judicial Member, who observed that, order dated 28/02/2014 passed by Ld. AO under section 143(3) read with 147 of the Act, without furnishing reasons recorded for initiating proceedings for reassessment under section 147 of the Act is void and of no effect. - AT....