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2010 (4) TMI 718 - AT - Income TaxReopening of assessment u/s 147 - whether the AO was correct in reopen the completed assessment with the reasons recorded - The important words of amended provison under s. 147 are “has reason to believe” and these words are stronger than the words “is satisfied - the assessment cannot be reopened merely because subsequently the Assessing Officer changes his opinion or some other officer takes a different view – Appeal is allowed
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