https://www.taxtmi.com/caselaws?id=397783 The High Court found in favor of the appellant, emphasizing the necessity for the Tribunal to address the grounds raised regarding the validity of reassessment under Section 147 and the existence of tangible material for reassessment. The Court set aside the Tribunal's order, remanding the matter for fresh consideration to ensure all issues, including the validity of reopening, were properly examined. The Court also highlighted the importance of addressing objections against reassessment before passing the assessment order, ultimately allowing the appeal and restoring it for a comprehensive review by the Tribunal. en-us Fri, 17 Jul 2020 00:00:00 +0530 Fri, 28 Aug 2020 20:00:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397783 The High Court found in favor of the appellant, emphasizing the necessity for the Tribunal to address the grounds raised regarding the validity of reassessment under Section 147 and the existence of tangible material for reassessment. The Court set aside the Tribunal's order, remanding the matter for fresh consideration to ensure all issues, including the validity of reopening, were properly examined. The Court also highlighted the importance of addressing objections against reassessment before passing the assessment order, ultimately allowing the appeal and restoring it for a comprehensive review by the Tribunal. Case-Laws Income Tax Fri, 17 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397783