https://www.taxtmi.com/caselaws?id=434817 The Tribunal allowed the appeal of the assessee, quashing the reassessment on the grounds that there was no fresh or tangible material for reopening the assessment. The reassessment was invalidated as it was based on the same set of facts without any new information, contrary to legal requirements established by previous court decisions. The Tribunal did not delve into other aspects of the case, focusing solely on the lack of new or tangible material for the reassessment. en-us Tue, 28 Feb 2023 00:00:00 +0530 Sat, 04 Mar 2023 07:28:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=434817 The Tribunal allowed the appeal of the assessee, quashing the reassessment on the grounds that there was no fresh or tangible material for reopening the assessment. The reassessment was invalidated as it was based on the same set of facts without any new information, contrary to legal requirements established by previous court decisions. The Tribunal did not delve into other aspects of the case, focusing solely on the lack of new or tangible material for the reassessment. Case-Laws Income Tax Tue, 28 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=434817