Merely having a reason to believe that income had escaped assessment is not sufficient to reopen...

Merely having a reason to believe that income had escaped assessment is not sufficient to reopen assessments beyond 4 year period. Escapement should be linked with failure on the part of assessee to fully and truly disclose all the material facts necessary for assessment. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X