https://www.taxtmi.com/caselaws?id=241695 The Tribunal held that the reassessment proceedings were based on a change of opinion and not on any new material facts, rendering them invalid. Consequently, the notice under Section 148 and the reassessment order were quashed. As a result, the grounds related to the additions on account of commitment charges and rent received did not survive for adjudication. The appeal of the revenue was dismissed in its entirety. en-us Fri, 20 Dec 2013 00:00:00 +0530 Mon, 30 Dec 2013 09:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241695 The Tribunal held that the reassessment proceedings were based on a change of opinion and not on any new material facts, rendering them invalid. Consequently, the notice under Section 148 and the reassessment order were quashed. As a result, the grounds related to the additions on account of commitment charges and rent received did not survive for adjudication. The appeal of the revenue was dismissed in its entirety. Case-Laws Income Tax Fri, 20 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241695