High Court Examines Validity of Reopening Tax Assessment u/s 148, Differentiates from Section 263 Revision Criteria.

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....Deduction claimed u/s 10B - Reassessment - notice u/s 148 - reason to believe - change of opinion -Perhaps, in given fact situations, they can be legitimate grounds for revising an order of assessment under Section 263; but not for re-opening it, under proviso to Section 147 - HC....