Reason to believe standard clarified: assessing officer must record reasons before issuing a notice under the relevant section. The amendment replaces the previous "of the opinion, for reasons to be recorded by him in writing" language with the has reasons to believe standard and ... Summary
Reason to believe standard clarified: assessing officer must record reasons before issuing a notice under the relevant section.
The amendment replaces the previous "of the opinion, for reasons to be recorded by him in writing" language with the has reasons to believe standard and adds a proviso requiring the Assessing Officer to record his reasons before issuing any notice under the subsection.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.