AO Can't Assess Other Income if Initial Suspicion of Escaped Income u/s 148 Proves Unfounded.

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....If after issuing the notice under section 148, the AO holds that the income which he has initially formed a “reason to believe“ had escaped assessment, which, later on, has been found as a matter of fact that it has not escaped assessment, then it is not open to the AO independently to assess some other income. - AT....