https://www.taxtmi.com/caselaws?id=361465 The appeal by the assessee was allowed, and the reassessment order was quashed on jurisdictional grounds. The Tribunal held that the reopening of the assessment was invalid as it lacked new tangible material and amounted to impermissible review. The decision emphasized the requirement of fresh tangible material for reopening and highlighted that a mere reappraisal of existing records is insufficient. The order, dated 01.06.2018, favored the assessee. en-us Fri, 01 Jun 2018 00:00:00 +0530 Wed, 10 Apr 2019 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361465 The appeal by the assessee was allowed, and the reassessment order was quashed on jurisdictional grounds. The Tribunal held that the reopening of the assessment was invalid as it lacked new tangible material and amounted to impermissible review. The decision emphasized the requirement of fresh tangible material for reopening and highlighted that a mere reappraisal of existing records is insufficient. The order, dated 01.06.2018, favored the assessee. Case-Laws Income Tax Fri, 01 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361465