AO had no power to review but having power to re-assess

Sanjit Jitendranath Biswas Vs ITO (ITAT Surat) 

Conclusion: AO had no power to review; he had the power to re-assess. Reassessment was not justified in case  there was no “tangible material” found to come to the conclusion that there was escapement of income from assessment.

Held: AO had reopened the assessment of assessee. Assessee contended that the reopening of assessment was arbitrary and based on

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