https://www.taxtmi.com/caselaws?id=244292 Reassessment under section 147 read with section 148 was invalid because the Assessing Officer proceeded on the same material already examined in the original scrutiny assessment and no fresh tangible material had emerged. The attempted reopening was treated as a mere change of opinion, which is insufficient to invoke reassessment powers where the earlier assessment had already considered the issue. The assessee therefore succeeded on the validity of the reopening. en-us Thu, 02 Jan 2014 00:00:00 +0530 Sat, 28 Mar 2015 12:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244292 Reassessment under section 147 read with section 148 was invalid because the Assessing Officer proceeded on the same material already examined in the original scrutiny assessment and no fresh tangible material had emerged. The attempted reopening was treated as a mere change of opinion, which is insufficient to invoke reassessment powers where the earlier assessment had already considered the issue. The assessee therefore succeeded on the validity of the reopening. Case-Laws Income Tax Thu, 02 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244292