Reassessment based on mechanical 148A(d) order without speaking reasons invalid

Indus Valley Promoters Ltd. Vs DCIT (ITAT Delhi) Mechanical Reopening – No Reasons, No Reassessment- Blank 148A(d) Order Invalidates Reassessment: ITAT Delhi -Speaking Order Mandatory: ITAT Cancels 147 Action Based on Blank 148A(d) Order Delhi Tribunal was seized with the validity of reassessment proceedings initiated u/s 147 for A.Y. 2018-19. Assessee had originally filed its return declaring income of ₹4.92 crores which was processed u/s 143(1). Later, AO reopened the assessment on the ground that Assessee had received ₹2.20 crores as accommodation entries from shell companies. AO comp...