https://www.taxtmi.com/highlights?id=57240 Reopening of assessment u/s 147 - reasons to believe - Having regard to the material on record, we are of the view that the Assessing Officer has initiated the proceedings not only on the information received from the concerned department but based upon his independent satisfaction and other available material to form a belief with regard to the escape assessment of income - AO is justified in reopening the assessment of the assessee - HC en-us Fri, 19 Mar 2021 14:04:02 +0530 Fri, 19 Mar 2021 14:04:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57240 Reopening of assessment u/s 147 - reasons to believe - Having regard to the material on record, we are of the view that the Assessing Officer has initiated the proceedings not only on the information received from the concerned department but based upon his independent satisfaction and other available material to form a belief with regard to the escape assessment of income - AO is justified in reopening the assessment of the assessee - HC Highlights Income Tax Fri, 19 Mar 2021 14:04:02 +0530 https://www.taxtmi.com/highlights?id=57240