https://www.taxtmi.com/caselaws?id=398898 The High Court upheld the Tribunal's decision to quash the reassessment order under Section 147 of the Income Tax Act. It found that the reassessment beyond four years was not justified as there was no fresh tangible material to warrant reopening under the first proviso to Section 147. The Court ruled in favor of the assessee, dismissing the Revenue's appeal and answering the substantial questions of law against them. en-us Wed, 16 Sep 2020 00:00:00 +0530 Mon, 18 Jan 2021 13:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398898 The High Court upheld the Tribunal's decision to quash the reassessment order under Section 147 of the Income Tax Act. It found that the reassessment beyond four years was not justified as there was no fresh tangible material to warrant reopening under the first proviso to Section 147. The Court ruled in favor of the assessee, dismissing the Revenue's appeal and answering the substantial questions of law against them. Case-Laws Income Tax Wed, 16 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398898