Reassessment without application of mind and examining the facts is invalid and liable to quash

Brief of the case: Hon’ble ITAT decided in this matter that reopening without application of mind is liable to quash and also elaborate that examination of facts and information received is necessary before reopening. In addition to this legal ground ITAT also heard the appeal on merits and decided various issues after considering the facts of the case. Facts of the case: Original assessment of the assessee was accepted u/s 143 (1). Later on, on the basis of certain information received the case was reopened and notice was served accordingly. Assessment was completed u/s 147 which was chal...