Reopening of the assessment is unsustainable if no reason exists to believe that the income chargeable to tax has escaped assessment

Amar R Shanbhag Vs ITO (Mumbai High Court)- There was inordinate delay in obtaining commencement certificate and, therefore, the petitioner once again terminated the Development Agreement dated 17th September 2004. Thereupon, Matoshree Properties filed a Suit in the High Court being S

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