https://www.taxtmi.com/caselaws?id=465724 Reopening of assessment requires fresh and tangible material linking new information to escaped income; mere audit objections or reappraisal of evidence already available do not constitute valid grounds, and reopening for thorough verification of documents accepted in original proceedings is impermissible. The article applies precedents holding that assessment cannot be reopened where the assessing officer has already applied mind to computation and supporting sale and purchase documents, and concludes that absent new evidence the reopening is unsustainable, resulting in dismissal of the revenue appeal. en-us Tue, 17 Oct 2023 00:00:00 +0530 Tue, 27 Jan 2026 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465724 Reopening of assessment requires fresh and tangible material linking new information to escaped income; mere audit objections or reappraisal of evidence already available do not constitute valid grounds, and reopening for thorough verification of documents accepted in original proceedings is impermissible. The article applies precedents holding that assessment cannot be reopened where the assessing officer has already applied mind to computation and supporting sale and purchase documents, and concludes that absent new evidence the reopening is unsustainable, resulting in dismissal of the revenue appeal. Case-Laws Income Tax Tue, 17 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465724