https://www.taxtmi.com/caselaws?id=18497 The court dismissed the applications regarding the validity of reopening assessment under section 147(b) of the Income-tax Act, emphasizing the necessity of new material to justify reopening. It was held that circulars received after the original assessment do not confer jurisdiction for reopening. The court highlighted the importance of considering fresh information and not relying on the same material previously examined. The Assessing Officer's awareness of the deduction claimed and previous decisions indicated no new material justified the reopening. en-us Thu, 25 Jan 1996 00:00:00 +0530 Thu, 01 Oct 2009 13:01:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18497 The court dismissed the applications regarding the validity of reopening assessment under section 147(b) of the Income-tax Act, emphasizing the necessity of new material to justify reopening. It was held that circulars received after the original assessment do not confer jurisdiction for reopening. The court highlighted the importance of considering fresh information and not relying on the same material previously examined. The Assessing Officer's awareness of the deduction claimed and previous decisions indicated no new material justified the reopening. Case-Laws Income Tax Thu, 25 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18497