https://www.taxtmi.com/caselaws?id=280362 The Tribunal ruled in favor of the assessee, finding the reopening of assessments invalid due to the lack of fresh information or material and the AO's failure to conduct an independent inquiry. The additions made by the AO based on Central Excise Department's information and Settlement Commission orders were deemed unsustainable. The Tribunal emphasized the importance of independent assessment and rejected reliance on conjectures. en-us Tue, 06 Feb 2018 00:00:00 +0530 Thu, 02 May 2019 07:39:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280362 The Tribunal ruled in favor of the assessee, finding the reopening of assessments invalid due to the lack of fresh information or material and the AO's failure to conduct an independent inquiry. The additions made by the AO based on Central Excise Department's information and Settlement Commission orders were deemed unsustainable. The Tribunal emphasized the importance of independent assessment and rejected reliance on conjectures. Case-Laws Income Tax Tue, 06 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280362