Reassessment initiated on info received from investigation wing that assessee was involved in money laundering is valid

INCOME TAX : Where assessment was reopened in case of assessee on basis of certain information flowing in from investigation wing which indicated that assessee had received monies, in form of share application money, from an entity by name of 'R' but that money, though subjected to routing through several layers, ultimately had its source in form of huge cash deposits in one of branches of ICICI Bank,

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