https://www.taxtmi.com/highlights?id=22314 Reopening of assessment u/s 147 - notice under Section 148 - The words "reason to believe" indicate that the belief must be that of a reasonable person based on reasonable grounds emerging from direct or circumstantial evidence and not on mere suspicion, gossip or rumour. - HC en-us Tue, 31 Mar 2015 20:20:19 +0530 Tue, 31 Mar 2015 20:20:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=22314 Reopening of assessment u/s 147 - notice under Section 148 - The words "reason to believe" indicate that the belief must be that of a reasonable person based on reasonable grounds emerging from direct or circumstantial evidence and not on mere suspicion, gossip or rumour. - HC Highlights Income Tax Tue, 31 Mar 2015 20:20:19 +0530 https://www.taxtmi.com/highlights?id=22314