https://www.taxtmi.com/caselaws?id=338932 The Tribunal quashed the reopening of the assessment due to lack of specific material evidence and incorrect assumptions by the Assessing Officer. The addition of Rs. 7.52 crores to the assessee's income was deemed academic and not addressed on merits, as the reasons provided for reopening were found unsustainable. The appeal was allowed, and the order was pronounced in open court on October 13, 2016. en-us Thu, 13 Oct 2016 00:00:00 +0530 Wed, 15 Feb 2017 08:31:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338932 The Tribunal quashed the reopening of the assessment due to lack of specific material evidence and incorrect assumptions by the Assessing Officer. The addition of Rs. 7.52 crores to the assessee's income was deemed academic and not addressed on merits, as the reasons provided for reopening were found unsustainable. The appeal was allowed, and the order was pronounced in open court on October 13, 2016. Case-Laws Income Tax Thu, 13 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338932