https://www.taxtmi.com/caselaws?id=242532 The Appellate Tribunal ruled in favor of the assessee, quashing the reopening of assessments and subsequent notices issued by the Assessing Officer. The Tribunal emphasized the importance of valid reasons supported by evidence for reopening assessments and highlighted the need for assessments to be based on concrete facts rather than assumptions. The Tribunal allowed the appeals filed by the assessee, granting liberty to the AO to assess income derived from educational institutions in accordance with the law. en-us Mon, 10 Jun 2013 00:00:00 +0530 Fri, 17 Jan 2014 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242532 The Appellate Tribunal ruled in favor of the assessee, quashing the reopening of assessments and subsequent notices issued by the Assessing Officer. The Tribunal emphasized the importance of valid reasons supported by evidence for reopening assessments and highlighted the need for assessments to be based on concrete facts rather than assumptions. The Tribunal allowed the appeals filed by the assessee, granting liberty to the AO to assess income derived from educational institutions in accordance with the law. Case-Laws Income Tax Mon, 10 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242532