High Court: Reopening Tax Assessments Requires Substantial Information, Not Just a Pretext, u/s 147 of Income Tax Act.

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....Reopening of assessment u/s 147 - The term “information” in Explanation-1 u/s 148 cannot be lightly resorted to so as to reopen assessment and this information cannot be a ground to give unbridled power to the revenue. - HC....