Court Invalidates Reopening of Assessment Due to Lack of Reasoned Belief by Assessing Officer. https://www.taxtmi.com/highlights?id=25265 Validity of reopening of assessment - receipt of accommodation entry - the basic requirement that the AO must apply his mind to the materials in order to have reasons to believe that the income of the Assessee escaped assessment is missing in the present case. - HC en-us Mon, 12 Oct 2015 12:14:21 +0530 Mon, 12 Oct 2015 12:14:21 +0530 TaxTMI RSS Generator Court Invalidates Reopening of Assessment Due to Lack of Reasoned Belief by Assessing Officer. https://www.taxtmi.com/highlights?id=25265 Validity of reopening of assessment - receipt of accommodation entry - the basic requirement that the AO must apply his mind to the materials in order to have reasons to believe that the income of the Assessee escaped assessment is missing in the present case. - HC Highlights Income Tax Mon, 12 Oct 2015 12:14:21 +0530 https://www.taxtmi.com/highlights?id=25265