https://www.taxtmi.com/caselaws?id=70827 The Tribunal allowed the revenue's appeal, stating that the Assessing Officer was justified in reopening the assessment under the amended section 147 of the Income-tax Act, 1961. The Tribunal emphasized the broadened power of the Assessing Officer post-amendment, requiring a reasonable belief of income escaping assessment, regardless of a change of opinion by successor officers. The case was remanded to the CIT (Appeals) for a decision on the merits, highlighting the authority of the Assessing Officer to reopen assessments based on the expanded scope of section 147. en-us Fri, 30 Oct 1998 00:00:00 +0530 Tue, 19 Apr 2011 14:53:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70827 The Tribunal allowed the revenue's appeal, stating that the Assessing Officer was justified in reopening the assessment under the amended section 147 of the Income-tax Act, 1961. The Tribunal emphasized the broadened power of the Assessing Officer post-amendment, requiring a reasonable belief of income escaping assessment, regardless of a change of opinion by successor officers. The case was remanded to the CIT (Appeals) for a decision on the merits, highlighting the authority of the Assessing Officer to reopen assessments based on the expanded scope of section 147. Case-Laws Income Tax Fri, 30 Oct 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70827