In absence of new facts reopening of already examined issue was invalid

Mina Kumari Sahoo Vs ITO (ITAT Cuttack)

As observed by Hon’ble Supreme Court in the case of CIT Vs Kelvinator of India Ltd (320 ITR 561), one has to give a schematic interpretation to the words “reason to believe” failing which, section 147 would give arbitrary powers to the Assessin

Please become a Premium member. If you are already a Premium member, login here to access the full content.