TMI BlogReopening Tax Assessments Needs Concrete Belief, Not Just Suspicion, Under Income Tax Act Section 147.Reopening of assessment u/s 147 - reasons to suspect OR reasons to believe - Power u/s 147 cannot be exercised merely on reason of suspicion but there should be reason to believe. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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