https://www.taxtmi.com/caselaws?id=295939 The Tribunal held that the reopening of assessments for the years 2009-10 and 2010-11 under Sections 147/148 of the Income Tax Act was not valid due to vague reasons and lack of new material facts. As a result, the reassessment orders were quashed, and the appeals of the assessee were allowed. The Tribunal did not address the legitimacy of the trading additions for both years as the reassessment orders were invalidated. en-us Tue, 18 Sep 2018 00:00:00 +0530 Sat, 26 Jun 2021 06:55:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295939 The Tribunal held that the reopening of assessments for the years 2009-10 and 2010-11 under Sections 147/148 of the Income Tax Act was not valid due to vague reasons and lack of new material facts. As a result, the reassessment orders were quashed, and the appeals of the assessee were allowed. The Tribunal did not address the legitimacy of the trading additions for both years as the reassessment orders were invalidated. Case-Laws Income Tax Tue, 18 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295939