https://www.taxtmi.com/circulars?id=9973 Reopening assessments requires an honest and reasonable reason to believe that income has escaped assessment supported by material or prima facie facts; ITOs must state the factual basis in reports and Commissioners must independently satisfy themselves of prima facie grounds rather than mechanically granting sanction, since notices issued on mere suspicion or vague beliefs have been held invalid. en-us Sun, 01 Apr 1973 00:00:00 +0530 Mon, 13 Jun 2011 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9973 Reopening assessments requires an honest and reasonable reason to believe that income has escaped assessment supported by material or prima facie facts; ITOs must state the factual basis in reports and Commissioners must independently satisfy themselves of prima facie grounds rather than mechanically granting sanction, since notices issued on mere suspicion or vague beliefs have been held invalid. Circulars Income Tax Sun, 01 Apr 1973 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9973