https://www.taxtmi.com/caselaws?id=410503 The Tribunal found the reopening of the assessment under Section 148 invalid as it lacked fresh tangible material, relying on documents already considered in the original assessment. Citing the necessity of fresh material for reopening assessments, the Tribunal quashed the reassessment proceedings, leading to the dismissal of the Revenue's appeal. The Tribunal emphasized the importance of meeting the legal requirements for a valid reopening under Section 148. en-us Fri, 30 Jul 2021 00:00:00 +0530 Tue, 03 Aug 2021 09:20:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410503 The Tribunal found the reopening of the assessment under Section 148 invalid as it lacked fresh tangible material, relying on documents already considered in the original assessment. Citing the necessity of fresh material for reopening assessments, the Tribunal quashed the reassessment proceedings, leading to the dismissal of the Revenue's appeal. The Tribunal emphasized the importance of meeting the legal requirements for a valid reopening under Section 148. Case-Laws Income Tax Fri, 30 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410503