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2018 (4) TMI 1432 - SCH - Income TaxReopening assessment - validity of notice - formation of the belief by the Assessing Officer that income chargeable to tax had escaped assessment - Held that:- SLP dismissed. HC order confirmed [2017 (9) TMI 743 - GUJARAT HIGH COURT] HC has correctly held that Tribunal has evaluated the evidence on record in minutest detail as if each limb of the Assessing Officer's reasons recorded for issuing notice of reopening was in the nature of an addition made in the order of assessment which had either to be upheld or reversed, which was simply impermissible. - order of ITAT set aside. - Decided in favour of revenue
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