Reassessment u/s 147 Invalid Due to Lack of Foundational Income; Jurisdiction Assumption Quashed.

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....Reopening of assessment u/s 147 - When the income is foundation on which he based his belief of escapement of income is absent, so AO's usurpation of jurisdiction to reopen of assessment is legally untenable & so, null in the eyes of law. So, we quash the reassessment made by the Ld. AO without jurisdiction. - AT....