https://www.taxtmi.com/caselaws?id=305689 The Tribunal upheld the CIT(A)'s decision, ruling that the reopening of the assessment lacked fresh tangible material and was based on a 'change of opinion'. The AO had not countered the assessee's claims regarding price revisions and cancellations. Consequently, the Tribunal dismissed the Revenue's appeal, deeming the reopening invalid and rejecting the addition of Rs. 113,19,93,808/- on account of revenue reversal. en-us Tue, 07 Sep 2021 00:00:00 +0530 Tue, 20 Dec 2022 10:04:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305689 The Tribunal upheld the CIT(A)'s decision, ruling that the reopening of the assessment lacked fresh tangible material and was based on a 'change of opinion'. The AO had not countered the assessee's claims regarding price revisions and cancellations. Consequently, the Tribunal dismissed the Revenue's appeal, deeming the reopening invalid and rejecting the addition of Rs. 113,19,93,808/- on account of revenue reversal. Case-Laws Income Tax Tue, 07 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305689