https://www.taxtmi.com/caselaws?id=207550 The High Court allowed the appeal, overturning the Tribunal's decision and reinstating the departmental appeal for further review. The Court held that the assessing officer had the authority to reassess income if excessive deductions were granted, rejecting the argument that subsequent disallowance of relief granted originally constituted a change of opinion. The Court emphasized that the assessing officer can reexamine and revise assessments under Section 147 of the Income Tax Act, stating that the conditions for reopening an assessment were met in this case. en-us Thu, 07 Jan 2010 00:00:00 +0530 Fri, 16 Dec 2011 08:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207550 The High Court allowed the appeal, overturning the Tribunal's decision and reinstating the departmental appeal for further review. The Court held that the assessing officer had the authority to reassess income if excessive deductions were granted, rejecting the argument that subsequent disallowance of relief granted originally constituted a change of opinion. The Court emphasized that the assessing officer can reexamine and revise assessments under Section 147 of the Income Tax Act, stating that the conditions for reopening an assessment were met in this case. Case-Laws Income Tax Thu, 07 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207550