https://www.taxtmi.com/caselaws?id=361205 The Tribunal deemed the reassessment proceedings invalid as the Assessing Officer lacked new tangible material and deviated from the principle of consistency. The reclassification of interest income and the addition of the provision for doubtful debts were found unjustified. Consequently, the appeal was allowed, and the reassessment order was overturned, emphasizing the seriousness of reassessment actions. en-us Wed, 30 May 2018 00:00:00 +0530 Thu, 31 May 2018 11:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361205 The Tribunal deemed the reassessment proceedings invalid as the Assessing Officer lacked new tangible material and deviated from the principle of consistency. The reclassification of interest income and the addition of the provision for doubtful debts were found unjustified. Consequently, the appeal was allowed, and the reassessment order was overturned, emphasizing the seriousness of reassessment actions. Case-Laws Income Tax Wed, 30 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361205