https://www.taxtmi.com/caselaws?id=430869 The Tribunal allowed the appeal, holding that the reopening of the assessment was invalid as it was solely based on audit objections without new material. The reassessment was quashed, citing precedents that internal audit objections cannot be the sole basis for reopening under section 148 of the Income Tax Act. en-us Wed, 23 Nov 2022 00:00:00 +0530 Wed, 30 Nov 2022 07:29:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430869 The Tribunal allowed the appeal, holding that the reopening of the assessment was invalid as it was solely based on audit objections without new material. The reassessment was quashed, citing precedents that internal audit objections cannot be the sole basis for reopening under section 148 of the Income Tax Act. Case-Laws Income Tax Wed, 23 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430869