2023 (1) TMI 281 - HC - Income Tax

Validity of the reopening proceedings - Tangible material available to initiate reopening - HELD THAT:- It is clear that on the date when the notice for reopening was issued i.e. on 31st March, 2016 there was no tangible material available in the hands of the assessing officer to justify reopening the assessment. Before us this factual position, as recorded by the Tribunal, could not be assailed by the revenue. Tribunal not stopping with the finding that the reopening of the assessment was bad in law has proceeded to consider the factual position in detail and affirmed the factual finding rendered by the CIT-A. No substantial question of law