Valid Reasons Needed for Reopening Assessment u/s 147 of Income Tax Act; Mere Verification Not Allowed.

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....Reopening of assessment u/s 147 - Notice u/s 148 cannot be issued for verification of information, but here the jurisdictional satisfaction of the essential requirement has to be shown that there has been ‘reason to believe’ that there was income ‘chargeable to tax’ - reasons must be self-speaking and self-defending - reasons recorded by the AO, are no reasons in the eye of law for assuming jurisdiction....