TMI Blog2008 (10) TMI 658X X X X Extracts X X X X X X X X Extracts X X X X ..... me and that such a belief was entirely based on reappraisal or reconsideration of the material/information already available on record at the time of completion of the original assessment. The tribunal also noted that the letter which was relied upon by the Department as the new information/material coming into the possession of the Assessing Officer was a letter dated August 28, 1999. The Tribu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l is dismissed. – Decision in favor of assessee – against the revenue - 1237 of 2008 - - - Dated:- 21-10-2008 - BADAR DURREZ AHMED and RAJIV SHAKDHER JJ. Arvind Verma for the appellant. Prakash Kumar for the respondent. JUDGMENT BADAR DURREZ ARMED J. C. M. Nag. 14852/2008 and 14853/2008 (Exemption): 2. Allowed subject to just exceptions. CMs stand disposed of. I. T. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... which was relied upon by the Department as the new information/material coming into the possession of the Assessing Officer was a letter dated August 28, 1999 The Tribunal noted that this could not constitute new information coming after the assessment had been completed inasmuch as the assessment order under section 143(3) was passed on May 25, 2000, which is after the date of the said letter. T ..... X X X X Extracts X X X X X X X X Extracts X X X X
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