TMI BlogReopening of assessment - The duty of the assessee is to disclose the bank statements for the relevant...Reopening of assessment - The duty of the assessee is to disclose the bank statements for the relevant year, which it did. As to what inferences are to be drawn for the previous years is not within the remit of the AO and consequently of no relevance whatsoever at least in considering whether to issue or not to issue reassessment notice, on just cash intensive transactions; clearly, this reason is vague and unjustified ..... X X X X Extracts X X X X X X X X Extracts X X X X
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