TMI BlogThe action of reopening of assessment can be resorted to by the AO only if he has tangible material at...The action of reopening of assessment can be resorted to by the AO only if he has tangible material at his command to form a reasonable belief that income chargeable to tax had escaped assessment. Such belief of the AO cannot be substituted by that of the opinion of the audit party - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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