https://www.taxtmi.com/caselaws?id=68939 The ITAT ruled in favor of the assessee, holding that the reopening of assessments under s. 147 was not justified and quashed the orders. The ITAT found that the matter could have been rectified under s. 154 as it seemed to be a mere change of opinion. Administrative indiscipline was noted, and the ITAT granted the assessee's prayer regarding the validity of the reopening of the assessment. As a result, the appeals of the assessee were allowed, and the impugned orders were quashed due to the lack of justification for reopening the assessments and the change of opinion without proper grounds. en-us Fri, 19 Mar 2004 00:00:00 +0530 Mon, 04 Apr 2011 11:23:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68939 The ITAT ruled in favor of the assessee, holding that the reopening of assessments under s. 147 was not justified and quashed the orders. The ITAT found that the matter could have been rectified under s. 154 as it seemed to be a mere change of opinion. Administrative indiscipline was noted, and the ITAT granted the assessee's prayer regarding the validity of the reopening of the assessment. As a result, the appeals of the assessee were allowed, and the impugned orders were quashed due to the lack of justification for reopening the assessments and the change of opinion without proper grounds. Case-Laws Income Tax Fri, 19 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68939