https://www.taxtmi.com/caselaws?id=443531 The appeal was allowed in favor of the assessee, quashing the reassessment order and the additions made under section 68. The Tribunal emphasized adherence to legal principles and proper inquiry before reopening assessments, highlighting the importance of new tangible material for reassessment and the necessity of following principles of natural justice. en-us Mon, 03 Jul 2023 00:00:00 +0530 Tue, 26 Sep 2023 08:18:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443531 The appeal was allowed in favor of the assessee, quashing the reassessment order and the additions made under section 68. The Tribunal emphasized adherence to legal principles and proper inquiry before reopening assessments, highlighting the importance of new tangible material for reassessment and the necessity of following principles of natural justice. Case-Laws Income Tax Mon, 03 Jul 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443531