https://www.taxtmi.com/highlights?id=34951 Reopening of assessment - the entire basis for the formation of belief to invoke section 147 is a damp squib. As a Corollary, the reasons recorded are not in sync with section 147 of the Act and are marred by wrong application of law and therefore cannot be sustained. - AT en-us Wed, 24 May 2017 07:14:38 +0530 Wed, 24 May 2017 07:14:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=34951 Reopening of assessment - the entire basis for the formation of belief to invoke section 147 is a damp squib. As a Corollary, the reasons recorded are not in sync with section 147 of the Act and are marred by wrong application of law and therefore cannot be sustained. - AT Highlights Income Tax Wed, 24 May 2017 07:14:38 +0530 https://www.taxtmi.com/highlights?id=34951