https://www.taxtmi.com/caselaws?id=428840 The Tribunal allowed the appeal, declaring the reopening of assessment invalid and deleting the addition of Rs. 35,63,423 made by the Assessing Officer under section 68 of the Income-Tax Act, 1961. The Tribunal found the reassessment proceedings lacked new tangible material and failed to demonstrate income escapement attributable to the assessee. The decision was issued on 4th October 2022. en-us Tue, 04 Oct 2022 00:00:00 +0530 Wed, 12 Oct 2022 09:55:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428840 The Tribunal allowed the appeal, declaring the reopening of assessment invalid and deleting the addition of Rs. 35,63,423 made by the Assessing Officer under section 68 of the Income-Tax Act, 1961. The Tribunal found the reassessment proceedings lacked new tangible material and failed to demonstrate income escapement attributable to the assessee. The decision was issued on 4th October 2022. Case-Laws Income Tax Tue, 04 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428840