https://www.taxtmi.com/highlights?id=30115 At the stage of issue of re-assessment notice, what is required is “reason to believe” and not the established fact of escapement of income. Reasons recorded on the basis of information received from investigation wing cannot be stated to be irrelevant or mechanically recorded. en-us Tue, 05 Jul 2016 11:40:40 +0530 Tue, 05 Jul 2016 11:40:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=30115 At the stage of issue of re-assessment notice, what is required is “reason to believe” and not the established fact of escapement of income. Reasons recorded on the basis of information received from investigation wing cannot be stated to be irrelevant or mechanically recorded. Highlights Income Tax Tue, 05 Jul 2016 11:40:40 +0530 https://www.taxtmi.com/highlights?id=30115