https://www.taxtmi.com/caselaws?id=278273 The Court dismissed the appeal filed by the Revenue against an ITAT order for the assessment year 2004-05. The ITAT's decision to delete the additions made during the reassessment under Sections 147/148 of the Income Tax Act was upheld. The Court found that there was no fresh tangible material justifying the reassessment and that the reasons provided did not constitute incriminating evidence. Additionally, a separate order regarding related cases confirmed that the seized material did not incriminate even for subsequent years, leading to the dismissal of the appeal in favor of the Assessee. en-us Mon, 21 Aug 2017 00:00:00 +0530 Tue, 22 Jan 2019 07:51:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=278273 The Court dismissed the appeal filed by the Revenue against an ITAT order for the assessment year 2004-05. The ITAT's decision to delete the additions made during the reassessment under Sections 147/148 of the Income Tax Act was upheld. The Court found that there was no fresh tangible material justifying the reassessment and that the reasons provided did not constitute incriminating evidence. Additionally, a separate order regarding related cases confirmed that the seized material did not incriminate even for subsequent years, leading to the dismissal of the appeal in favor of the Assessee. Case-Laws Income Tax Mon, 21 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=278273