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Income Tax - Highlights / Catch Notes

Home Highlights September 2016 Year 2016 This

The action of reopening of assessment can be resorted to by the ...

Income Tax

September 11, 2016

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

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