https://www.taxtmi.com/caselaws?id=391624 The Tribunal held that the reassessment proceedings were invalid as the Assessing Officer lacked fresh tangible material and failed to dispose of the assessee's objections, citing precedents. Consequently, the reassessment order was quashed, and the appeal allowed. The claim of additional depreciation was upheld due to lack of contrary evidence. The revenue's appeal was dismissed, with the order pronounced on 07/01/2020. en-us Tue, 07 Jan 2020 00:00:00 +0530 Mon, 03 Feb 2020 12:16:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391624 The Tribunal held that the reassessment proceedings were invalid as the Assessing Officer lacked fresh tangible material and failed to dispose of the assessee's objections, citing precedents. Consequently, the reassessment order was quashed, and the appeal allowed. The claim of additional depreciation was upheld due to lack of contrary evidence. The revenue's appeal was dismissed, with the order pronounced on 07/01/2020. Case-Laws Income Tax Tue, 07 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391624