https://www.taxtmi.com/caselaws?id=417972 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to quash the reopening of the assessment and the additions made under Section 69. The Tribunal emphasized that the AO did not have any fresh tangible material to justify the reopening and that the reassessment was based on a change of opinion, which is not permissible under the law. The appeal filed by the Revenue was dismissed, and the order was pronounced on 31st January 2022 at Chennai. en-us Mon, 31 Jan 2022 00:00:00 +0530 Sat, 05 Feb 2022 08:25:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417972 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to quash the reopening of the assessment and the additions made under Section 69. The Tribunal emphasized that the AO did not have any fresh tangible material to justify the reopening and that the reassessment was based on a change of opinion, which is not permissible under the law. The appeal filed by the Revenue was dismissed, and the order was pronounced on 31st January 2022 at Chennai. Case-Laws Income Tax Mon, 31 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417972