https://www.taxtmi.com/caselaws?id=432204 The Tribunal dismissed the appeal by the Revenue and the cross objection by the assessee, upholding the CIT(A)'s decision that the reopening of the assessment under section 147 was based on a change of opinion and lacked tangible material justification. The Tribunal found no illegality or irregularity in the CIT(A)'s decision, emphasizing the requirement for tangible material to support reopening assessments. The order was pronounced on 28th December 2022. en-us Wed, 28 Dec 2022 00:00:00 +0530 Fri, 30 Dec 2022 09:53:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432204 The Tribunal dismissed the appeal by the Revenue and the cross objection by the assessee, upholding the CIT(A)'s decision that the reopening of the assessment under section 147 was based on a change of opinion and lacked tangible material justification. The Tribunal found no illegality or irregularity in the CIT(A)'s decision, emphasizing the requirement for tangible material to support reopening assessments. The order was pronounced on 28th December 2022. Case-Laws Income Tax Wed, 28 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432204