https://www.taxtmi.com/caselaws?id=258709 The Tribunal upheld the validity of the assessment reopening as the Assessing Officer had tangible material indicating income had escaped assessment. However, the Tribunal remanded the case for further examination of the accounting policy change regarding depreciation, directing the AO to verify relevant records. The assessee's appeal was partially allowed for statistical purposes. en-us Wed, 21 Jan 2015 00:00:00 +0530 Sat, 18 Apr 2015 06:28:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258709 The Tribunal upheld the validity of the assessment reopening as the Assessing Officer had tangible material indicating income had escaped assessment. However, the Tribunal remanded the case for further examination of the accounting policy change regarding depreciation, directing the AO to verify relevant records. The assessee's appeal was partially allowed for statistical purposes. Case-Laws Income Tax Wed, 21 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258709