https://www.taxtmi.com/circulars?id=55349 Reopening an assessment under section 147 requires that the Assessing Officer has reason to believe that income chargeable to tax has escaped assessment; mere increase in turnover, including due to digital payments, cannot alone constitute that reason. Assessing Officers are directed not to reopen past assessments solely on the ground of increased current year turnover absent independent material indicating escaped income. en-us Fri, 09 Dec 2016 00:00:00 +0530 Sat, 10 Dec 2016 10:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=55349 Reopening an assessment under section 147 requires that the Assessing Officer has reason to believe that income chargeable to tax has escaped assessment; mere increase in turnover, including due to digital payments, cannot alone constitute that reason. Assessing Officers are directed not to reopen past assessments solely on the ground of increased current year turnover absent independent material indicating escaped income. Circulars Income Tax Fri, 09 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=55349