https://www.taxtmi.com/caselaws?id=69810 The Appellate Tribunal ruled in favor of the assessee, affirming that the share income of minor sons should not be included in the individual capacity of the assessee under section 64 of the Income Tax Act. The Tribunal also held that the reopening of assessments under section 147 was illegal and improper, emphasizing the necessity of valid grounds and new information for such actions, stating that a mere change of opinion does not justify invoking section 147 of the IT Act. The appeals filed by the Revenue were dismissed. en-us Fri, 25 Sep 1981 00:00:00 +0530 Tue, 12 Apr 2011 12:04:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69810 The Appellate Tribunal ruled in favor of the assessee, affirming that the share income of minor sons should not be included in the individual capacity of the assessee under section 64 of the Income Tax Act. The Tribunal also held that the reopening of assessments under section 147 was illegal and improper, emphasizing the necessity of valid grounds and new information for such actions, stating that a mere change of opinion does not justify invoking section 147 of the IT Act. The appeals filed by the Revenue were dismissed. Case-Laws Income Tax Fri, 25 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69810