Re-opening of assessment is valid as AO later found that foreign co. had a subsidiary PE in India

IT/ILT : Where at time of making assessment, assessee did not disclose about existence of PE of its parent company in India and as a result, Assessing Officer could not examine as to whether tax was deductible at source while making remittances to parent company located abroad, it was to be regarded as a valid ground for reopening of assessment