https://www.taxtmi.com/caselaws?id=235223 The Tribunal held that the reassessment under Section 147 was invalid as it was a mere change of opinion without new material evidence. The appeal by the Revenue was dismissed, affirming the Commissioner of Income Tax (Appeals) decision. The Tribunal emphasized that for reassessment beyond four years, there must be a failure by the assessee to disclose all material facts, which was not found in this case. en-us Tue, 07 May 2013 00:00:00 +0530 Tue, 16 Jul 2013 09:52:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235223 The Tribunal held that the reassessment under Section 147 was invalid as it was a mere change of opinion without new material evidence. The appeal by the Revenue was dismissed, affirming the Commissioner of Income Tax (Appeals) decision. The Tribunal emphasized that for reassessment beyond four years, there must be a failure by the assessee to disclose all material facts, which was not found in this case. Case-Laws Income Tax Tue, 07 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235223