2022 (4) TMI 1433 - SCH - Income Tax

Validity of reopening of assessment u/s 147 - tangible material to initiate reopening - HELD THAT - Having heard all and considering the impugned judgment and order passed by the High Court 2021 (10) TMI 232 - KARNATAKA HIGH COURT and it is found that there was no further tangible material available with the A.O. which warranted the re-assessment and/or re-opening of the concluded assessment, no interference of this Court is called for. The Special Leave Petition stands dismissed.