https://www.taxtmi.com/highlights?id=47202 Reassessment u/s 147 - the reasons as they stand should be sufficient to show that on the reasons recorded the AO could have formed the belief that income chargeable to tax has escaped assessment. Once that requirement is fulfilled same can clarify and explain in the affidavit-in-reply and the appraisal report reveals that there was sufficient material for the AO to form the belief - No infirmity in notice u/s 148 en-us Sat, 15 Jun 2019 07:51:01 +0530 Sat, 15 Jun 2019 07:51:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47202 Reassessment u/s 147 - the reasons as they stand should be sufficient to show that on the reasons recorded the AO could have formed the belief that income chargeable to tax has escaped assessment. Once that requirement is fulfilled same can clarify and explain in the affidavit-in-reply and the appraisal report reveals that there was sufficient material for the AO to form the belief - No infirmity in notice u/s 148 Highlights Income Tax Sat, 15 Jun 2019 07:51:01 +0530 https://www.taxtmi.com/highlights?id=47202