https://www.taxtmi.com/highlights?id=38026 Reopening of assessment - validity of reasons to believe - on the application of method of valuation as mandated by the Explanation to Section 56(2)(vii) of the Act, prima facie, the Assessing Officer could not have had reason to believe that income chargeable to tax has escaped assessment. - HC en-us Mon, 19 Feb 2018 18:30:41 +0530 Mon, 19 Feb 2018 18:30:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=38026 Reopening of assessment - validity of reasons to believe - on the application of method of valuation as mandated by the Explanation to Section 56(2)(vii) of the Act, prima facie, the Assessing Officer could not have had reason to believe that income chargeable to tax has escaped assessment. - HC Highlights Income Tax Mon, 19 Feb 2018 18:30:41 +0530 https://www.taxtmi.com/highlights?id=38026