Reassessment for 2010-11 Upheld: AO Validly Reopened u/s 147 Due to Unverified Taxpayer Claims.

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....Validity of Reopening of assessment u/s 147 - AO never had occasion to verify various claims made by the assessee in the return of income - When in the course of assessment proceedings for the assessment year 2012–13, AO was informed about the receipt of compensation from NTCL for the AY 2010-11 - Reassessment proceedings sustained. - AT....