https://www.taxtmi.com/caselaws?id=238515 The Tribunal upheld the decision to quash reassessment proceedings initiated by the Revenue due to a difference in income reported by the assessee and TDS certificates. It was determined that the reassessment was based on a change of opinion without new material and did not meet the conditions under section 147, especially as it was initiated after four years from the relevant assessment year. The Tribunal found that the assessee had provided sufficient information during the original assessment, fulfilling its disclosure obligations, and dismissed the Revenue's appeal, affirming the invalidation of the reassessment proceedings. en-us Fri, 20 Sep 2013 00:00:00 +0530 Wed, 23 Oct 2013 22:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238515 The Tribunal upheld the decision to quash reassessment proceedings initiated by the Revenue due to a difference in income reported by the assessee and TDS certificates. It was determined that the reassessment was based on a change of opinion without new material and did not meet the conditions under section 147, especially as it was initiated after four years from the relevant assessment year. The Tribunal found that the assessee had provided sufficient information during the original assessment, fulfilling its disclosure obligations, and dismissed the Revenue's appeal, affirming the invalidation of the reassessment proceedings. Case-Laws Income Tax Fri, 20 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238515