https://www.taxtmi.com/caselaws?id=206440 The court upheld the Assessing Officer's decision to reopen assessments for Assessment Years 2005-06 and 2006-07 based on tangible material from discrepancies found during a survey, dismissing challenges that the reopening was a mere change of opinion. Citing relevant case law, the court emphasized the need for tangible material to support reopening and concluded that such material existed in this case. The petitions were dismissed, affirming the validity of the reassessments without costs. en-us Mon, 17 Oct 2011 00:00:00 +0530 Tue, 01 Nov 2011 07:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206440 The court upheld the Assessing Officer's decision to reopen assessments for Assessment Years 2005-06 and 2006-07 based on tangible material from discrepancies found during a survey, dismissing challenges that the reopening was a mere change of opinion. Citing relevant case law, the court emphasized the need for tangible material to support reopening and concluded that such material existed in this case. The petitions were dismissed, affirming the validity of the reassessments without costs. Case-Laws Income Tax Mon, 17 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206440