https://www.taxtmi.com/caselaws?id=211214 Reassessment under section 147 was invalid where the original section 143(3) assessment had already considered the book profit computation under section 115JB. The assessee had filed the working of book profit and Form 29B, and the assessment order itself showed that the Assessing Officer had applied his mind to the issue. Reopening on the same material amounted to a mere change of opinion, and no new tangible material was shown to justify reassessment. The jurisdictional challenge succeeded. en-us Thu, 05 Jan 2012 00:00:00 +0530 Fri, 09 Mar 2012 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211214 Reassessment under section 147 was invalid where the original section 143(3) assessment had already considered the book profit computation under section 115JB. The assessee had filed the working of book profit and Form 29B, and the assessment order itself showed that the Assessing Officer had applied his mind to the issue. Reopening on the same material amounted to a mere change of opinion, and no new tangible material was shown to justify reassessment. The jurisdictional challenge succeeded. Case-Laws Income Tax Thu, 05 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211214