https://www.taxtmi.com/caselaws?id=433086 The Tribunal found that the reassessment under section 147 of the Income-tax Act, 1961 was unjustified as the Assessing Officer failed to provide tangible reasons for reopening the assessment to the assessee. The lack of reasons hindered the assessee's ability to object effectively, leading to the decision that the reopening was unwarranted. Consequently, the appeal of the assessee was allowed, and the impugned order was set aside, with the case outcome favoring the assessee. en-us Wed, 18 Jan 2023 00:00:00 +0530 Fri, 20 Jan 2023 09:16:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433086 The Tribunal found that the reassessment under section 147 of the Income-tax Act, 1961 was unjustified as the Assessing Officer failed to provide tangible reasons for reopening the assessment to the assessee. The lack of reasons hindered the assessee's ability to object effectively, leading to the decision that the reopening was unwarranted. Consequently, the appeal of the assessee was allowed, and the impugned order was set aside, with the case outcome favoring the assessee. Case-Laws Income Tax Wed, 18 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433086