https://www.taxtmi.com/caselaws?id=215582 The ITAT Mumbai held that the reassessment proceedings were void ab initio as they were initiated without tangible material, constituting a change of opinion on an issue already addressed during the regular assessment. The reassessment under section 148 of the Act was deemed invalid, and the appeal filed by the assessee was allowed based on this finding. The ITAT did not address the second ground raised by the assessee regarding the disallowance of provision for quality claims received from customers due to the invalidity of the reassessment proceedings. en-us Wed, 06 Jun 2012 00:00:00 +0530 Mon, 06 Aug 2012 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215582 The ITAT Mumbai held that the reassessment proceedings were void ab initio as they were initiated without tangible material, constituting a change of opinion on an issue already addressed during the regular assessment. The reassessment under section 148 of the Act was deemed invalid, and the appeal filed by the assessee was allowed based on this finding. The ITAT did not address the second ground raised by the assessee regarding the disallowance of provision for quality claims received from customers due to the invalidity of the reassessment proceedings. Case-Laws Income Tax Wed, 06 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215582