Non-consideration of certain information during original assessment is valid ground to reopen assessment: HC

INCOME TAX : Where reasons recorded by Assessing Officer for reopening assessment would reveal that certain relevant informations and materials were not considered by Assessing Officer which would have to be taken into consideration while passing assessment order and relying on certain intricacies in accounting, he has reason to believe that income chargeable to tax escaped assessment and initiated section 147 proceedings, revenue have established reasons to believe for reopening of assessment,

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