2022 (3) TMI 1420 - SCH - Income Tax

Validity of reopening of assessment u/s 147 - Addition u/s 68 - as per HC reasons for the formation of the belief by the Assessing Officer in the instant case appear to have a rational connection with or relevant bearing on the formation of belief that there has been escapement of the income of the assessee from assessment in the particular year because of his failure to disclose fully and truly all material facts - HELD THAT - SLP dismissed.