https://www.taxtmi.com/caselaws?id=244757 Reassessment under section 147 was held invalid where it rested on the same seized document and the same facts already examined in the original scrutiny assessment under section 143(3). As no new tangible material or fresh information emerged after the original assessment, reopening could not be sustained merely because a different view was later taken on the same material. The proper remedy for any alleged error lay in other statutory provisions, not in reassessment on a mere change of opinion. The reassessment notice and order were quashed, and the Revenue's appeal failed. en-us Fri, 28 Feb 2014 00:00:00 +0530 Fri, 07 Mar 2014 08:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244757 Reassessment under section 147 was held invalid where it rested on the same seized document and the same facts already examined in the original scrutiny assessment under section 143(3). As no new tangible material or fresh information emerged after the original assessment, reopening could not be sustained merely because a different view was later taken on the same material. The proper remedy for any alleged error lay in other statutory provisions, not in reassessment on a mere change of opinion. The reassessment notice and order were quashed, and the Revenue's appeal failed. Case-Laws Income Tax Fri, 28 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244757