Assessment Reopening Invalid: AO Relied Solely on External Info Without Independent Verification u/ss 147 & 148 of IT Act.

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....Reopening of assessment u/s 147 - AO has acted only on the basis of information received from Investigation Wing without any exercise it has own level and only on the basis of borrowed satisfaction, he initiated the reopening of assessment u/s 147 and issued notice u/s 148 of the Act, which are invalid being bad in law and liable to be quashed. - AT....