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Income Tax - Highlights / Catch Notes

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Reopening of assessment - reason to believe cannot be equated ...

Income Tax

May 23, 2018

Reopening of assessment - reason to believe cannot be equated with finally established fact that the income chargeable to tax having escaped assessment additions will invariably be made and further, sufficiency of reasons enabling the Assessing Officer to form such a belief would not be gone into. - HC

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