Court Upholds Validity of Assessment Reopening u/s 147 for Alleged Bogus Subcontracting Expenses by Taxpayer.

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....Validity of reopening of assessment u/s 147 - Reason to believe - AO had sufficient material to form a prima facie belief that the assessee has engaged in creating bogus subcontracting expenses in the instant set of facts, thereby leading to escapement of income - AT....