https://www.taxtmi.com/caselaws?id=397325 The Tribunal partly allowed the appeal, granting relief to the Assessee on legal issues concerning the validity of reopening the assessment and the denial of deductions and exemptions under the Income Tax Act. The Tribunal emphasized the necessity of tangible material and legal grounds in assessment proceedings, holding that reopening for mere verification without substantial grounds is invalid. The Assessee succeeded in challenging the dismissal of additional grounds and the rejection of deductions and exemptions, with the Tribunal highlighting errors in the Assessing Officer's decisions and providing relief on these legal issues. en-us Wed, 24 Jun 2020 00:00:00 +0530 Fri, 14 Aug 2020 10:08:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397325 The Tribunal partly allowed the appeal, granting relief to the Assessee on legal issues concerning the validity of reopening the assessment and the denial of deductions and exemptions under the Income Tax Act. The Tribunal emphasized the necessity of tangible material and legal grounds in assessment proceedings, holding that reopening for mere verification without substantial grounds is invalid. The Assessee succeeded in challenging the dismissal of additional grounds and the rejection of deductions and exemptions, with the Tribunal highlighting errors in the Assessing Officer's decisions and providing relief on these legal issues. Case-Laws Income Tax Wed, 24 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397325