Reassessment Not Allowed Without New Evidence Post-Court Confirmation; Past Judgments Stand Despite New Apex Court Rulings.

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Full Text of the Document

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....Reopening of assessment - once an order, which has been passed and has been confirmed by this Court under the provision of the Act, the case in hand, then in absence of any new material being brought on record, the completed assessment should not have been reopened - subsequent judgement of the Apex Court cannot be used to reopen assessment or disturb past assessment which have been concluded....