Re-assessment held to be void if AO has not analysed in detail the reasons of reopening

IN THE ITAT CHANDIGARH BENCH ‘A’ Bhajan Singh v/s. Commissioner of Income-tax-II, Chandigarh IT Appeal No. 574 (Chd.) of 2012 [Assessment year 2002-03] July 31, 2012 ORDER T.R. Sood, Accountant Member In this appeal the assessee has raised the following effective grounds: “1.  The Ld. Commissioner has erred in invoking the jurisdiction for revision u/s 263 of the Income-tax Act, 1961 and in cancelling the assessment order passed u/s 147 r.w.s. 148 of the Act, without establishing the error in the assessment order or its prejudicial interest to the revenue. ...