https://www.taxtmi.com/caselaws?id=421137 The Tribunal dismissed the Department's appeal, upholding the CIT(A)'s order that the reassessment proceedings under Section 143(3) read with Section 147 were "bad in law" due to the lack of fresh tangible material and the improper change of opinion by the AO. The Tribunal emphasized the necessity of new tangible material for valid reopening under Section 147, consistent with judicial precedents. en-us Thu, 31 Mar 2022 00:00:00 +0530 Mon, 18 Apr 2022 08:09:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421137 The Tribunal dismissed the Department's appeal, upholding the CIT(A)'s order that the reassessment proceedings under Section 143(3) read with Section 147 were "bad in law" due to the lack of fresh tangible material and the improper change of opinion by the AO. The Tribunal emphasized the necessity of new tangible material for valid reopening under Section 147, consistent with judicial precedents. Case-Laws Income Tax Thu, 31 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421137