Home / 
Assessing Officer's discretion upheld: Reopening notice valid if credible evidence shows taxable income escaped assessment.
X X X X Extracts X X X X
X X X X Extracts X X X X
....AO would have considerable latitude in issuing notice for re-opening if it is found that he had tangible material to form a belief that income chargeable to tax had escaped assessment, it would not be appropriate to strike down re-opening notice.....
TaxTMI
TaxTMI