https://www.taxtmi.com/caselaws?id=273810 The tribunal annulled the reassessment under Section 147 as it was based on the same material as the annulled assessment under Section 143(3), without any fresh evidence. The tribunal emphasized the need for new information to justify a reassessment. The decision was in favor of the assessee, citing the requirement for fresh material in reassessment cases. The appeal was dismissed, reinforcing the principle that reassessment must be supported by new material or information. en-us Mon, 04 Sep 2017 00:00:00 +0530 Mon, 16 Jul 2018 08:05:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273810 The tribunal annulled the reassessment under Section 147 as it was based on the same material as the annulled assessment under Section 143(3), without any fresh evidence. The tribunal emphasized the need for new information to justify a reassessment. The decision was in favor of the assessee, citing the requirement for fresh material in reassessment cases. The appeal was dismissed, reinforcing the principle that reassessment must be supported by new material or information. Case-Laws Income Tax Mon, 04 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273810