https://www.taxtmi.com/caselaws?id=160146 Reassessment under section 19(1) of the Bihar Finance Act, 1981 cannot be sustained on an audit report alone where it reflects only a different view on the same facts already examined at the original assessment stage. In the absence of fresh material or external information, a mere change of opinion does not constitute the statutory basis required to reopen a completed assessment. On that reasoning, the reassessment was invalid and the reassessment and revisional orders were set aside in favour of the assessee. en-us Thu, 23 Feb 1995 00:00:00 +0530 Tue, 10 Dec 2013 16:56:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160146 Reassessment under section 19(1) of the Bihar Finance Act, 1981 cannot be sustained on an audit report alone where it reflects only a different view on the same facts already examined at the original assessment stage. In the absence of fresh material or external information, a mere change of opinion does not constitute the statutory basis required to reopen a completed assessment. On that reasoning, the reassessment was invalid and the reassessment and revisional orders were set aside in favour of the assessee. Case-Laws VAT and Sales Tax Thu, 23 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160146