https://www.taxtmi.com/caselaws?id=434331 The Tribunal dismissed the revenue's appeals for AY 1991-92, 1992-93, and 1993-94, upholding the CIT(A)'s decisions that the reassessments were unjustified due to improper reopening. The reassessment for AY 1990-91 was also set aside, emphasizing the lack of new material warranting a reassessment. The issue of limitation for reopening assessments was highlighted for AY 1993-94, leading to a finding of legal invalidity. en-us Thu, 16 Feb 2023 00:00:00 +0530 Tue, 21 Feb 2023 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434331 The Tribunal dismissed the revenue's appeals for AY 1991-92, 1992-93, and 1993-94, upholding the CIT(A)'s decisions that the reassessments were unjustified due to improper reopening. The reassessment for AY 1990-91 was also set aside, emphasizing the lack of new material warranting a reassessment. The issue of limitation for reopening assessments was highlighted for AY 1993-94, leading to a finding of legal invalidity. Case-Laws Income Tax Thu, 16 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434331