https://www.taxtmi.com/caselaws?id=429492 The court ruled in favor of the petitioner, declaring the re-assessment proceedings invalid due to the absence of new material and a legal basis for reopening the assessment. The court emphasized the necessity for re-assessment to be grounded in fresh and tangible evidence, rather than a reiteration of existing information. The Department's argument regarding the brevity of the petitioner's response was disregarded, highlighting the significance of substantive content in evaluating the legitimacy of procedures. The court set aside the re-assessment notice and subsequent actions, deeming them legally unfounded. en-us Wed, 13 Jul 2022 00:00:00 +0530 Sun, 30 Oct 2022 21:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429492 The court ruled in favor of the petitioner, declaring the re-assessment proceedings invalid due to the absence of new material and a legal basis for reopening the assessment. The court emphasized the necessity for re-assessment to be grounded in fresh and tangible evidence, rather than a reiteration of existing information. The Department's argument regarding the brevity of the petitioner's response was disregarded, highlighting the significance of substantive content in evaluating the legitimacy of procedures. The court set aside the re-assessment notice and subsequent actions, deeming them legally unfounded. Case-Laws Income Tax Wed, 13 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429492