High Court Invalidates Notice u/s 148, Stresses Assessing Officer's Independent Judgment in Reopening Assessments.

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....Notice u/s 148 - Assessing Officer can form an independent opinion on an issue which may have been brought to his/her notice by the audit party and seek to reopen the assessment, provided it is the Assessing Officer's independent belief that income chargeable to tax has escaped assessment - Notice quashed - HC....