TMI BlogReopening of assessment u/s 147 - Unexplained gift receipt - “reason to suspect” or “reasons to believe”...Reopening of assessment u/s 147 - Unexplained gift receipt - “reason to suspect” or “reasons to believe” - The relevance of the reasons for the formation of the belief is to be tested by the judicial restraint as in administrative action as the Court does not sit as a Court of appeal but merely reviews the manner in which the decision was made. The Court shall not examine the sufficiency or adequacy thereof. - no infirmity in the processing of reopening u/s 148 - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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