https://www.taxtmi.com/highlights?id=60472 Reopening of assessment u/s 147 - Validity of reasons to believe - No linkage of the assessee has been established with the information received from investigation wing and the reopening is based merely on borrowed satisfaction. The reasons were mere reasons to suspect and not the reasons to believe that the income had escaped assessment. This being the case, the reopening could not be held to be valid in the eyes of law - AT en-us Fri, 12 Nov 2021 08:52:30 +0530 Fri, 12 Nov 2021 08:52:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60472 Reopening of assessment u/s 147 - Validity of reasons to believe - No linkage of the assessee has been established with the information received from investigation wing and the reopening is based merely on borrowed satisfaction. The reasons were mere reasons to suspect and not the reasons to believe that the income had escaped assessment. This being the case, the reopening could not be held to be valid in the eyes of law - AT Highlights Income Tax Fri, 12 Nov 2021 08:52:30 +0530 https://www.taxtmi.com/highlights?id=60472