https://www.taxtmi.com/caselaws?id=284959 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to quash the reassessment order, stating that it was unjustified as all details had been provided during the original assessment. The Tribunal emphasized that reassessment cannot be used to improve upon the original assessment without new evidence, citing legal precedents. The Revenue's appeal was dismissed, affirming the CIT(A)'s order and highlighting the importance of adhering to legal principles to prevent arbitrary reassessment based on a mere change of opinion without substantive grounds. en-us Thu, 22 Mar 2018 00:00:00 +0530 Wed, 18 Dec 2019 18:17:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284959 The Tribunal upheld the Commissioner of Income Tax (Appeals)' decision to quash the reassessment order, stating that it was unjustified as all details had been provided during the original assessment. The Tribunal emphasized that reassessment cannot be used to improve upon the original assessment without new evidence, citing legal precedents. The Revenue's appeal was dismissed, affirming the CIT(A)'s order and highlighting the importance of adhering to legal principles to prevent arbitrary reassessment based on a mere change of opinion without substantive grounds. Case-Laws Income Tax Thu, 22 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284959