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2013 (11) TMI 1447 - HC - Income TaxRe-assessment u/s 147 - Held that:- The reasons to believe recorded refer to the information which was provided and made available to the assessing officer - If the assessee wanted to challenge and question that the information received from the Directorate of Income Tax vide letter dated 2.3.2006 as not specific or vague, such plea or contention should have been raised before the Tribunal. The nature and character, what was contained and formed part of the information is primarily factual - The assessee has not raised this aspect before Tribunal - The AO had received specific information from the specialized wing of the Department, DIT(Inv) - The nature of information was specific - Decided against assessee.
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