https://www.taxtmi.com/caselaws?id=179261 The Tribunal partially allowed the assessee's appeal, ruling that the reassessment proceedings were invalid due to the absence of tangible material supporting the re-opening of the assessment. The Tribunal emphasized the necessity of tangible material to justify the belief of income escaping assessment, ultimately quashing the order passed under relevant sections of the Income Tax Act, 1961. en-us Tue, 26 Nov 2013 00:00:00 +0530 Mon, 26 Sep 2016 11:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179261 The Tribunal partially allowed the assessee's appeal, ruling that the reassessment proceedings were invalid due to the absence of tangible material supporting the re-opening of the assessment. The Tribunal emphasized the necessity of tangible material to justify the belief of income escaping assessment, ultimately quashing the order passed under relevant sections of the Income Tax Act, 1961. Case-Laws Income Tax Tue, 26 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179261