https://www.taxtmi.com/caselaws?id=218264 The appellate tribunal found the reassessment under section 147 of the Income Tax Act to be invalid as it was deemed a change of opinion without valid reasons to believe income had escaped assessment. Consequently, the tribunal allowed the appeals of the assessee, quashed the reassessment, and determined that further examination of the case's merits was unnecessary. en-us Fri, 08 Jun 2012 00:00:00 +0530 Thu, 08 Nov 2012 09:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218264 The appellate tribunal found the reassessment under section 147 of the Income Tax Act to be invalid as it was deemed a change of opinion without valid reasons to believe income had escaped assessment. Consequently, the tribunal allowed the appeals of the assessee, quashed the reassessment, and determined that further examination of the case's merits was unnecessary. Case-Laws Income Tax Fri, 08 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218264