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2022 (12) TMI 174 - AT - Income TaxValidity of reopening of assessment u/s 147 - whether any new or tangible material came to the notice of the Assessing Officer to verify the same or not? - HELD THAT:- Considering the landmark judgement of the Hon’ble Supreme Court in the case of CIT v. Kelvinator India Ltd. [2010 (1) TMI 11 - SUPREME COURT] CIT(A) has held that the reopening is bad in law and quashed the reassessment order passed by the Assessing Officer. In view of the judgement of the Hon’ble Supreme Court in the case of CIT v. Kelvinator India Ltd. (supra) as well as the judgement of the Hon’ble Jurisdictional High Court in the case of TANMAC India v. DCIT. [2017 (1) TMI 122 - MADRAS HIGH COURT] we find no reason to interfere with the order passed by the ld. CIT(A). Accordingly, the ground raised by the Revenue is dismissed.
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