https://www.taxtmi.com/caselaws?id=116958 The Tribunal upheld the CIT(A)'s decision, ruling that the reopening of the assessment was unfounded as it constituted a mere change of opinion, rendering it improper and beyond jurisdiction. Additionally, the Tribunal found the addition of Rs. 78,52,619 unjustified, as it was not substantiated by evidence but rather based on presumptions. Consequently, the department's appeal was dismissed. en-us Mon, 23 Jun 2003 00:00:00 +0530 Tue, 19 Jun 2012 12:17:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116958 The Tribunal upheld the CIT(A)'s decision, ruling that the reopening of the assessment was unfounded as it constituted a mere change of opinion, rendering it improper and beyond jurisdiction. Additionally, the Tribunal found the addition of Rs. 78,52,619 unjustified, as it was not substantiated by evidence but rather based on presumptions. Consequently, the department's appeal was dismissed. Case-Laws Income Tax Mon, 23 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116958