Reopening of assessment - AO has no concrete ‘reason to believe’ ...
Income Tax
August 20, 2015
Reopening of assessment - AO has no concrete ‘reason to believe’ except for reopening the case for making the verification of the past records and facts. This cannot be the ground for reopening the assessment even though return of income filed by the assessee has been accepted u/s 143(1) - AT
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