https://www.taxtmi.com/highlights?id=27089 Reopening of assessment - AO could have no reason to believe that the dividend income earned by the Petitioner from the aforesaid three mutual funds had escaped assessment. As stipulated in section 10(33), the said income was exempt and therefore could not have been brought to tax. - HC en-us Thu, 28 Jan 2016 12:36:06 +0530 Thu, 28 Jan 2016 12:36:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=27089 Reopening of assessment - AO could have no reason to believe that the dividend income earned by the Petitioner from the aforesaid three mutual funds had escaped assessment. As stipulated in section 10(33), the said income was exempt and therefore could not have been brought to tax. - HC Highlights Income Tax Thu, 28 Jan 2016 12:36:06 +0530 https://www.taxtmi.com/highlights?id=27089