Delhi HC: Change of Opinion Can’t be Reason to Believe to Obtain Income to Initiate Re-Assessment - 18.05.2022

Delhi High Court while dismissing an appeal by the Income tax department, has ruled that mere change of opinion cannot be a reason to believe that the income is escaped in order to initiate re-assessment under Sections 147 and 148 of the Income Tax Act, 1961.

Tags : Delhi High Court Income tax department Sections 147 Sections 148 Income Tax Act 1961

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