Court held that while disposing of objections, Assessing Officer had categorically stated that he had reason to believe that income chargeable to tax had escaped assessment. Reassessment notice was held to be justified. (AY. 2015-16 2016-17)
Dr. Sajan Hedge v. ACIT (2021) 282 Taxman 39/ ( 2022) 440 ITR 389 (Mad.)(HC)
S. 147 : Reassessment-Method of accounting-Estimate of income-Statement of manager operations-Reopening was held to be justified. [S. 145, Art. 226]