https://www.taxtmi.com/caselaws?id=70102 Reassessment under section 147(b) was upheld because the assessee's foreign buyers' entertainment expenditure was already on record in the original assessment, and the Assessing Officer later discovered that the statutory disallowance under section 37(2A) had been omitted. A later realisation that a mandatory disallowance was not made can constitute "information" for reopening, even if the original omission arose from inadvertence, negligence, or lack of vigilance. The matter was therefore not treated as a mere change of opinion on the same facts, and the Revenue's objection succeeded. en-us Wed, 13 Oct 1993 00:00:00 +0530 Thu, 14 Apr 2011 13:05:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70102 Reassessment under section 147(b) was upheld because the assessee's foreign buyers' entertainment expenditure was already on record in the original assessment, and the Assessing Officer later discovered that the statutory disallowance under section 37(2A) had been omitted. A later realisation that a mandatory disallowance was not made can constitute "information" for reopening, even if the original omission arose from inadvertence, negligence, or lack of vigilance. The matter was therefore not treated as a mere change of opinion on the same facts, and the Revenue's objection succeeded. Case-Laws Income Tax Wed, 13 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70102