https://www.taxtmi.com/caselaws?id=371559 The Tribunal ruled in favor of the Assessee, quashing the reassessment proceedings and allowing the appeal. The decision was based on the lack of fresh material for reopening the case and the absence of a valid reason to believe that income had escaped assessment, rendering the reassessment invalid and based on a change of opinion. en-us Tue, 04 Dec 2018 00:00:00 +0530 Thu, 06 Dec 2018 05:35:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371559 The Tribunal ruled in favor of the Assessee, quashing the reassessment proceedings and allowing the appeal. The decision was based on the lack of fresh material for reopening the case and the absence of a valid reason to believe that income had escaped assessment, rendering the reassessment invalid and based on a change of opinion. Case-Laws Income Tax Tue, 04 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371559