https://www.taxtmi.com/caselaws?id=359667 The Appellate Tribunal upheld the First Appellate Authority's decision, ruling the reassessment proceedings invalid due to lack of fresh tangible material and being a mere change of opinion by the Assessing Officer. The Tribunal emphasized the importance of tangible material for establishing income escapement and cited relevant legal precedents. The reassessment was quashed on jurisdictional and merit-based grounds, with the Tribunal dismissing the appeal raised by the Assessing Officer. en-us Wed, 04 Apr 2018 00:00:00 +0530 Thu, 03 May 2018 06:34:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359667 The Appellate Tribunal upheld the First Appellate Authority's decision, ruling the reassessment proceedings invalid due to lack of fresh tangible material and being a mere change of opinion by the Assessing Officer. The Tribunal emphasized the importance of tangible material for establishing income escapement and cited relevant legal precedents. The reassessment was quashed on jurisdictional and merit-based grounds, with the Tribunal dismissing the appeal raised by the Assessing Officer. Case-Laws Income Tax Wed, 04 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359667