https://www.taxtmi.com/caselaws?id=432861 The Tribunal held that the reopening of the assessment under Section 147 for the Assessment Years (A.Y.) 2008-09, 2009-10, and 2010-11 was invalid due to lack of new tangible material. The Tribunal quashed the reopening for A.Y. 2008-09, and the decision applied to subsequent years. On the issue of addition made on account of CENVAT credit, the Tribunal allowed the assessee's appeal for A.Y. 2008-09 and dismissed the Revenue's appeal. Similarly, for A.Y. 2009-10 and 2010-11, the Tribunal partly allowed the assessee's appeals and dismissed the Revenue's appeals. en-us Tue, 10 Jan 2023 00:00:00 +0530 Fri, 13 Jan 2023 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432861 The Tribunal held that the reopening of the assessment under Section 147 for the Assessment Years (A.Y.) 2008-09, 2009-10, and 2010-11 was invalid due to lack of new tangible material. The Tribunal quashed the reopening for A.Y. 2008-09, and the decision applied to subsequent years. On the issue of addition made on account of CENVAT credit, the Tribunal allowed the assessee's appeal for A.Y. 2008-09 and dismissed the Revenue's appeal. Similarly, for A.Y. 2009-10 and 2010-11, the Tribunal partly allowed the assessee's appeals and dismissed the Revenue's appeals. Case-Laws Income Tax Tue, 10 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432861