https://www.taxtmi.com/caselaws?id=68254 Reopening under the Income-tax Act based on an audit objection was invalid where the relevant entry and supporting particulars had already been disclosed in the original assessment. Because no new fact emerged and the audit party supplied no information beyond what was already before the assessing authority, the reassessment rested only on a later change of opinion about an examined matter. On those facts, there was no omission or failure by the assessee and no material enabling reassessment under section 147. The reassessment was therefore held to be bad in law and the reopening was quashed. en-us Mon, 19 Jul 1982 00:00:00 +0530 Mon, 28 Mar 2011 16:51:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68254 Reopening under the Income-tax Act based on an audit objection was invalid where the relevant entry and supporting particulars had already been disclosed in the original assessment. Because no new fact emerged and the audit party supplied no information beyond what was already before the assessing authority, the reassessment rested only on a later change of opinion about an examined matter. On those facts, there was no omission or failure by the assessee and no material enabling reassessment under section 147. The reassessment was therefore held to be bad in law and the reopening was quashed. Case-Laws Income Tax Mon, 19 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68254