SURESH CHAND GUPTA,JHANSI vs. DCIT-6, JHANSI

In the result, the assessee’s appeal is dismissed

Bench: Shri Laliet Kumar,And Dr. Mitha Lal Meena

section has been further elaborated and it has been held in this decision, if the AO, for whatever reason has reason to believe that income has escaped assessment, it confers jurisdiction to reopen the assessment. While analyzing the word “reason” in the phrase “reason to believe”, it has been held in this decision that it would mean “cause” or “justification

HARDAYAL MILK PRODUCTS PRIVATE LIMITED,SHIKOHABAD vs. DCIT, CIRCLE-2(2)(1), FIROZABAD, FIROZABAD

In the result, both the appeals filed by assessee are allowed