https://www.taxtmi.com/caselaws?id=67379 Reassessment cannot be initiated on the same material where the Assessing Officer consciously examined acquisition compensation during the original assessment; reopening in those circumstances is a change of opinion. Reassessment also fails where the sanction rests on an inaccurate compensation figure or other misstatement of material facts. Interest on compensation for acquired land accrues when the court decree awards compensation because the right to receive the interest arises then. Consequently, such interest is not taxable in an earlier assessment year to which it does not belong. en-us Fri, 01 Mar 1985 00:00:00 +0530 Thu, 10 Mar 2011 12:45:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67379 Reassessment cannot be initiated on the same material where the Assessing Officer consciously examined acquisition compensation during the original assessment; reopening in those circumstances is a change of opinion. Reassessment also fails where the sanction rests on an inaccurate compensation figure or other misstatement of material facts. Interest on compensation for acquired land accrues when the court decree awards compensation because the right to receive the interest arises then. Consequently, such interest is not taxable in an earlier assessment year to which it does not belong. Case-Laws Income Tax Fri, 01 Mar 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67379