https://www.taxtmi.com/highlights?id=36740 Reopening of assessment - - There was no nexus between the reasons to believe that income has escaped assessment and any new tangible material placed on record before the AO - Revenue was unable to point out any fresh tangible material which could form the basis for believing the argument on this aspect. - Reassessment proceedings quashed. - HC en-us Thu, 02 Nov 2017 08:25:47 +0530 Thu, 02 Nov 2017 08:25:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=36740 Reopening of assessment - - There was no nexus between the reasons to believe that income has escaped assessment and any new tangible material placed on record before the AO - Revenue was unable to point out any fresh tangible material which could form the basis for believing the argument on this aspect. - Reassessment proceedings quashed. - HC Highlights Income Tax Thu, 02 Nov 2017 08:25:47 +0530 https://www.taxtmi.com/highlights?id=36740