Court Invalidates Reopening of Assessment: Reasons Lack Specificity & Connection to Alleged Illegal Mining, Deemed a Fishing Inquiry.

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....Reopening of assessment u/s 147 - share premium - As the reasons recorded does not quantify even an estimated amount of the alleged income which has escaped assessment and as it is noticed that the reasons recorded do not contain any live link to the alleged illegal mining, the reasons recorded for the purpose of reopening of assessment are invalid and is nothing but fishing enquiry. - AT....