https://www.taxtmi.com/caselaws?id=328461 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s order that annulled the reopening of the assessment. The reassessment was deemed invalid as it was based on a change of opinion without fresh tangible material. The role of audit objections was scrutinized, highlighting they cannot solely justify reopening without the AO's independent assessment. The Tribunal did not address the addition's merits due to the invalid reopening. en-us Mon, 23 May 2016 00:00:00 +0530 Tue, 31 May 2016 18:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328461 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s order that annulled the reopening of the assessment. The reassessment was deemed invalid as it was based on a change of opinion without fresh tangible material. The role of audit objections was scrutinized, highlighting they cannot solely justify reopening without the AO's independent assessment. The Tribunal did not address the addition's merits due to the invalid reopening. Case-Laws Income Tax Mon, 23 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328461