Reason to believe standard replaces opinion requirement for reopening assessments under section 147 in amended provision. The amendment substitutes the phrase ", for reasons to be recorded by him in writing, is of the opinion" with "has reason to believe", replacing an ... Summary
Reason to believe standard replaces opinion requirement for reopening assessments under section 147 in amended provision.
The amendment substitutes the phrase ", for reasons to be recorded by him in writing, is of the opinion" with "has reason to believe", replacing an opinion-based trigger with a reason-to-believe standard for reopening assessments under section 147 and thereby changing the statutory threshold for initiating reassessment proceedings.
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