https://www.taxtmi.com/highlights?id=26261 Reopening of assessment - the legal requirement that "the reason to believe must be predicated on tangible material or information" and that "the belief must be rational and bear a direct nexus to the material on which such a belief is based" was not fulfilled in the present case - HC en-us Sat, 05 Dec 2015 11:50:00 +0530 Sat, 05 Dec 2015 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=26261 Reopening of assessment - the legal requirement that "the reason to believe must be predicated on tangible material or information" and that "the belief must be rational and bear a direct nexus to the material on which such a belief is based" was not fulfilled in the present case - HC Highlights Income Tax Sat, 05 Dec 2015 11:50:00 +0530 https://www.taxtmi.com/highlights?id=26261