Reassessment is valid if AO did an independent inquiry after receiving info. that Co. received bogus purchase: Guj. HC

INCOME TAX : Where AO received an information from ITO that during scrutiny assessment in case of an entity it was found that said entity in connivance with several other entities provided accommodation entries through bogus billing for purchases to assessee and AO after making independent inquiry and application of mind issued reopening notice against assessee, impugned reopening notice issued against assessee whose return was accepted without scrutiny was justified

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