https://www.taxtmi.com/caselaws?id=391401 The Tribunal ruled in favor of the assessee, quashing the reassessment under section 147/143(3) of the Income Tax Act. It held that the reassessment was invalid as it lacked valid approval and was based on erroneous reasons. The Tribunal also found the reopening of the assessment without new tangible material impermissible, citing relevant case law. Consequently, the appeal was allowed, and the reassessment was annulled. en-us Tue, 10 Dec 2019 00:00:00 +0530 Tue, 28 Jan 2020 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391401 The Tribunal ruled in favor of the assessee, quashing the reassessment under section 147/143(3) of the Income Tax Act. It held that the reassessment was invalid as it lacked valid approval and was based on erroneous reasons. The Tribunal also found the reopening of the assessment without new tangible material impermissible, citing relevant case law. Consequently, the appeal was allowed, and the reassessment was annulled. Case-Laws Income Tax Tue, 10 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391401