https://www.taxtmi.com/caselaws?id=351681 The Tribunal ruled in favor of the assessee, holding that the assessment reopening without fresh material was impermissible. Disallowing prior period expenses without proper justification was deemed unlawful, and the addition of &8377; 49.50 lakhs was considered unwarranted. The Tribunal allowed the grounds of appeal, emphasizing that the Assessing Officer unjustly reopened the assessment without new material, especially when the issue had been previously considered. The decision was pronounced on September 26, 2017. en-us Tue, 26 Sep 2017 00:00:00 +0530 Wed, 29 Nov 2017 07:45:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351681 The Tribunal ruled in favor of the assessee, holding that the assessment reopening without fresh material was impermissible. Disallowing prior period expenses without proper justification was deemed unlawful, and the addition of &8377; 49.50 lakhs was considered unwarranted. The Tribunal allowed the grounds of appeal, emphasizing that the Assessing Officer unjustly reopened the assessment without new material, especially when the issue had been previously considered. The decision was pronounced on September 26, 2017. Case-Laws Income Tax Tue, 26 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351681