https://www.taxtmi.com/caselaws?id=70439 The Tribunal upheld the Assessing Officer's decision to reopen the assessment under section 147(b) of the Income-tax Act, dismissing the assessee's argument of a mere change of opinion. Additionally, the Tribunal ruled that the interest paid to partners representing their Hindu Undivided Families (HUFs) was rightly disallowed under section 40(b) of the Act. Consequently, the assessee's appeal was dismissed. en-us Tue, 12 Apr 1994 00:00:00 +0530 Sat, 16 Apr 2011 11:29:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70439 The Tribunal upheld the Assessing Officer's decision to reopen the assessment under section 147(b) of the Income-tax Act, dismissing the assessee's argument of a mere change of opinion. Additionally, the Tribunal ruled that the interest paid to partners representing their Hindu Undivided Families (HUFs) was rightly disallowed under section 40(b) of the Act. Consequently, the assessee's appeal was dismissed. Case-Laws Income Tax Tue, 12 Apr 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70439