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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
