Bona fide reason to believe that there is escapement of income is sufficient for issue of notice under section 148

RELEVANT PARAGRAPHS:

19. As per our considered view, at the time of issue of notice, it is sufficient that prima-facie reasons and material should be with Assessing Officer that there is escapement of some income. At the time of issue of notice the Assessing Officer is not required to conclusively establish that there is escapement of income, mere bona-fide reason to believe that there is escapement of income is sufficient for issue of notice under section 148.

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