Re-assessment notice to be set-aside if underlying reasons for notice weren't found correct

IT: Where Commissioner issued a notice under section 263 taking a view that when Assessing Officer had found purchases to be bogus, there was no question of limiting addition on basis of GP ratio, in view of fact that Assessing Officer did not hold that relevant purchases were bogus, and, moreover assessment order had been merged with order passed by Commissioner (Appeals), impugned notice was to be set aside

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