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Income Tax - Highlights / Catch Notes

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


Assessments Can Be Reopened on "Reason to Believe" Without Final Proof of Escaped Income.

May 23, 2018

Case Laws     Income Tax     HC

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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