Reopening of Assessment u/s 147 Requires Scrutiny of Approval and Reasons; Alternative Remedies Available Through Appeal.

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....Reopening of assessment u/s 147 - The approval granted and the reasons which made the Income Tax Officer to believe that some income had escaped assessment have to be tested with regard to the actual facts and figures. This comes within the scope of alternative remedy by way of appeal and no prejudice can be stated as caused to the Appellant/Assessee in this regard.....