https://www.taxtmi.com/caselaws?id=240146 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to quash the notice under section 148 and annul the reassessment order under section 143(3)/147. The reassessment was deemed invalid as it was based on a mere change of opinion without new tangible material, contrary to the requirement of tangible material indicating income escapement for reassessment. en-us Fri, 15 Mar 2013 00:00:00 +0530 Wed, 27 Nov 2013 00:41:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240146 The Tribunal dismissed the revenue's appeal, upholding the CIT(A)'s decision to quash the notice under section 148 and annul the reassessment order under section 143(3)/147. The reassessment was deemed invalid as it was based on a mere change of opinion without new tangible material, contrary to the requirement of tangible material indicating income escapement for reassessment. Case-Laws Income Tax Fri, 15 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240146