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Income Tax - Highlights / Catch Notes

Home Highlights November 2016 Year 2016 This

Reopening of assessment - The words of the statute are "reason ...

Case Laws     Income Tax

November 26, 2016

Reopening of assessment - The words of the statute are "reason to believe" and not "reason to suspect". There can be no manner of doubt that the words" reason to believe" suggest that the belief must be that of an honest and reasonable person based upon reasonable grounds - AT

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