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Test to determine definite nature of information---Requirements of S.65 of the Income Tax Ordinance, 1979.The phrase "definite information" refers to the information, which is sine qua non for the purpose of re-opening. That information per se may not be the reason on which any further liability is placed upon an assessee. However, that information could be a good basis to confront the assessee and in case no rebuttal is brought home, it can very well be a basis for enhancement of tax liability. The requirement of provisions of section 65 of the Income Tax Ordinance, 1979 as to information is that it should be of such a nature to create a reasonable belief in the mind of the Assessing Officer that things do exist in a ‘particular form, which were either concealed by the assessee or w...
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