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2016 (9) TMI 1140 - AT - Income TaxReopening of assessment - addition on account of low gp - Held that:- In order to reopen the assessment, where the scrutiny assessment has already undertaken, even before the end of the four years, the AO should possess some fresh tangible material, which came to the possession of the AO after the conclusion of the assessment. A bare perusal of questionnaire and the particular question raised at serial no.11, it is of the view that the AO has already gone through all the material in the scrutiny assessment and no fresh material came to his possession. - Decided in favour of assessee
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