https://www.taxtmi.com/caselaws?id=191709 The court dismissed the appeal under Section 260A of the Income Tax Act, 1961, regarding the assessment set aside after search and seizure proceedings. The court upheld the decision of the Commissioner of Income Tax (Appeals) and the Income Tax Appellate Tribunal (ITAT), citing the precedent in Commissioner of Income Tax vs. Kabul Chawla. It was held that revisiting concluded assessments without new material or information is impermissible, emphasizing the need for fresh evidence to support reassessment. The appeals were dismissed as the existing legal framework did not allow revisiting assessments without the discovery of new material. en-us Fri, 04 Nov 2016 00:00:00 +0530 Fri, 14 Apr 2017 11:04:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191709 The court dismissed the appeal under Section 260A of the Income Tax Act, 1961, regarding the assessment set aside after search and seizure proceedings. The court upheld the decision of the Commissioner of Income Tax (Appeals) and the Income Tax Appellate Tribunal (ITAT), citing the precedent in Commissioner of Income Tax vs. Kabul Chawla. It was held that revisiting concluded assessments without new material or information is impermissible, emphasizing the need for fresh evidence to support reassessment. The appeals were dismissed as the existing legal framework did not allow revisiting assessments without the discovery of new material. Case-Laws Income Tax Fri, 04 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191709