https://www.taxtmi.com/caselaws?id=342479 The Tribunal upheld the decision of the ld. CIT (Appeals) and dismissed the revenue's appeal. It was determined that there was no valid reason to reopen the assessment as the additional revenue in question had already been assessed and taxed in a previous year. The reassessment order was deemed invalid due to the lack of proper reasons to believe that income had escaped assessment. en-us Tue, 25 Apr 2017 00:00:00 +0530 Wed, 03 May 2017 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342479 The Tribunal upheld the decision of the ld. CIT (Appeals) and dismissed the revenue's appeal. It was determined that there was no valid reason to reopen the assessment as the additional revenue in question had already been assessed and taxed in a previous year. The reassessment order was deemed invalid due to the lack of proper reasons to believe that income had escaped assessment. Case-Laws Income Tax Tue, 25 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342479