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2018 (3) TMI 658 - AT - Income TaxReopening of assessment - validity of reasons to believe - Held that:- As nothing can be gathered from a perusal of the reasons to believe that the assessee had failed to fully and truly disclose all the material facts necessary for his assessment, therefore, the assumption of jurisdiction by the A.O after a lapse of a period of 4 years from the end of the relevant assessment year in order to disturb the concluded assessment of the assessee framed under Sec. 143(3) on 24.12.2009, cannot be sustained and is liable to be vacated. We thus finding ourselves to be in agreement with the well reasoned view taken by the CIT(A), therefore, uphold his order. - Decided in favour of assessee.
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