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Case Law Details

Case Name : M/s Amit Engineers Vs ACIT (ITAT Chandigarh)
Related Assessment Year : 2011-12
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Brief of the Case

ITAT Chandigarh held In the case of M/s Amit Engineers vs. ACIT that it is a trite law that the only condition for the Assessing Officer to reopen the case is that for whatever reasons he has ‘reason to believe’ that income has escaped assessment. The phrase “reason to believe” has been defined in the Landmark judgment of the Hon’ble Apex Court in the case of Sheo Nath Singh Vs. ACIT (1971) 82 ITR 147 in which it was held that “The words “reason to believe” s

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