https://www.taxtmi.com/caselaws?id=290747 The court dismissed the petition, allowing the reopening on the ground of reduction of interest income, while other grounds were not permissible for reopening. The reopening was not solely at the behest of the audit party, as the Assessing Officer had independently formed a belief based on tangible material. en-us Wed, 31 Aug 2016 00:00:00 +0530 Wed, 14 Oct 2020 10:41:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290747 The court dismissed the petition, allowing the reopening on the ground of reduction of interest income, while other grounds were not permissible for reopening. The reopening was not solely at the behest of the audit party, as the Assessing Officer had independently formed a belief based on tangible material. Case-Laws Income Tax Wed, 31 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290747