belief regarding escapement of income. The fact that the words "definite
information" which were there in section ... assessee from assessment. The fact that the words "definite
information" which were there in section
belief regarding escapement of income. The fact that the words "definite
information" which were there in section ... assessee from assessment. The fact that the words "definite
information" which were there in section
acts as a reasonable and prudent
man on the basis of the information secured by him that there is a case for
reopening, then Section ... officer entertained
a "bona fide" belief upon the definite information presented before him.
Power under this section cannot be exercised on mere rumours
DCIT, Circle-11(5), Bangalore (the AO). This is
definite information coming to the possession of the AO from another
AO of the Department
acts as a reasonable and prudent man on the basis of the
information secured by him that there is a case for reopening, then Section ... officer entertained a "bona
fide" belief upon the definite information presented before him. Power under this
section cannot be exercised on mere rumours
information in the form of statements recorded
which is definite information and corroborated with the bank statement found
during the course of survey
information in the
form of statements recorded which is definite information. In a nutshell we can
say that the at the time of recording reasons
information in the form of statements recorded which is definite information. In
a nutshell we can say that at the time of recording reasons
acts as a reasonable and prudent
man on the basis of the information secured by him that there is a case for
reopening, then Section ... officer entertained
a "bona fide" belief upon the definite information presented before him.
Power under this section cannot be exercised on mere rumours
conclusive facts or information. Meaning thereby, the Assessing
Officer has to primafacie derive his belief based on some material /
information etc. leading to the reopening ... assessment. In
the present facts of the case, there is a definite information coming
from the investigation wing based on several enquiries that form
