https://www.taxtmi.com/highlights?id=65883 Reopening of assessment u/s 147 - Unexplained gift receipt - “reason to suspect” or “reasons to believe” - The relevance of the reasons for the formation of the belief is to be tested by the judicial restraint as in administrative action as the Court does not sit as a Court of appeal but merely reviews the manner in which the decision was made. The Court shall not examine the sufficiency or adequacy thereof. - no infirmity in the processing of reopening u/s 148 - AT en-us Fri, 30 Sep 2022 16:36:45 +0530 Fri, 30 Sep 2022 16:36:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=65883 Reopening of assessment u/s 147 - Unexplained gift receipt - “reason to suspect” or “reasons to believe” - The relevance of the reasons for the formation of the belief is to be tested by the judicial restraint as in administrative action as the Court does not sit as a Court of appeal but merely reviews the manner in which the decision was made. The Court shall not examine the sufficiency or adequacy thereof. - no infirmity in the processing of reopening u/s 148 - AT Highlights Income Tax Fri, 30 Sep 2022 16:36:45 +0530 https://www.taxtmi.com/highlights?id=65883