The Tribunal held that in absence of any fresh tangible material the reassessment is held to be bad in law. (AY. 2008-09)
Samrat Plywood Ltd. v. ACIT (2021) 210 TTJ 743 (Chd.)(Trib.)
S. 147 : Reassessment-No tangible material-Reassessment is bad in law. [S. 143(1)]