Reopening assessment u/s. 147 void-ab-initio as issue already dealt in original assessment

DCIT Vs Cadila Pharmaceuticals Limited (ITAT Ahmedabad) ITAT Ahmedabad held that reopening of assessment u/s. 147 on the issue which is already dealt in the original assessment void ab initio and bad in law since no new fresh material was pointed out at the time of reopening of assessment. Facts- The assessee company is a manufacturer of pharmaceuticals, bulk drugs, various hospital products, disposable items. The assessee company filed return of income on 30.11.2011 declaring total income at Rs. Nil. Thereafter the assessee filed revised return of income on 04.05.2012 declaring loss of Rs. (-...