https://www.taxtmi.com/caselaws?id=241046 The Tribunal held that the reassessment proceedings initiated under section 147 of the Income Tax Act were invalid due to the absence of a failure to disclose material facts by the assessee. The reassessment, based on existing records, was deemed a change of opinion by the Assessing Officer. Consequently, the Tribunal allowed the appeal, declaring the initiation of reassessment proceedings as improper and unnecessary. en-us Wed, 06 Nov 2013 00:00:00 +0530 Mon, 16 Dec 2013 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241046 The Tribunal held that the reassessment proceedings initiated under section 147 of the Income Tax Act were invalid due to the absence of a failure to disclose material facts by the assessee. The reassessment, based on existing records, was deemed a change of opinion by the Assessing Officer. Consequently, the Tribunal allowed the appeal, declaring the initiation of reassessment proceedings as improper and unnecessary. Case-Laws Income Tax Wed, 06 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241046