https://www.taxtmi.com/caselaws?id=59668 The Tribunal dismissed the appeal, affirming the CIT(A)'s decision to cancel the reassessment. It concluded that the reopening of the assessment was not justified as it was based on the same facts without any new material, and there was no valid "reason to believe" that income had escaped assessment. en-us Wed, 09 Feb 2005 00:00:00 +0530 Fri, 31 Dec 2010 13:50:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59668 The Tribunal dismissed the appeal, affirming the CIT(A)'s decision to cancel the reassessment. It concluded that the reopening of the assessment was not justified as it was based on the same facts without any new material, and there was no valid "reason to believe" that income had escaped assessment. Case-Laws Income Tax Wed, 09 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59668