Reopening is invalid when there is no direct nexus between material gathered & formation of belief of income escaping assessment

Reopening is invalid when there is no direct nexus between material gathered & formation of belief of income escaping assessment

Brief of the case:

• The Hon’ble Karnataka HC in the above cited case held that there must be a direct nexus between the material coming to the notice of the Income-Tax Officer and the formation of his belief that income has escaped assessment.Therefore, when  a material gathered by the AO is such tha

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