Tribunal held that No new tangible material. AO seeking to correct error in original assessment is held to be not permissible. (AY. 2005-06)
Alcatel Lucent India Ltd. v. ACIT (2020) 77 ITR 694 (Delhi)(Trib.)
S. 147 : Reassessment-After the expiry of four years-No new tangible material-AO seeking to correct error in original assessment – Held to be not permissible. [S. 148]