It is not any and every material, howsoever, vague and indefinite or distant, remote or far-fetched, which would warrant formation of belief relating to escapement of income of assessment

CASE LAWS DETAILS

DECIDED BY: ITAT, DELHI BENCH `D’, NEW DELHI,

IN THE CASE OF: ITO Vs. Lakshya Exim Pvt. Ltd., APPEAL NO: ITA No. 2328/Del/2008, DECIDED ON April 16, 2010

RELEVANT PARAGRAPH

17. Section 147 authorizes

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