Reasons recorded by AO for reopening an assessment are the only reasons which can be considered when formation of belief is impugned

CASE LAWS DETAILS DECIDED BY: HIGH COURT OF BOMBAY, IN THE CASE OF: Prashant S. Joshi Vs Income Tax Officer, Appeal No: WP No. 2287 of 2009 With WP No. 59 of 2010, DECIDED ON: February 22, 2010 RELEVANT PARAGRAPH 2. The principal challenge in these proceedings is to the notices issued by the first respondent under section 148 of the Income Tax Act, 1961 proposing to assess the income of the petitioner for assessment years 2005-06 and 2006-07 on the ground that there is reason to believe that income chargeable to tax had escaped assessment, within the meaning of section 147. By a deed of Partn...