https://www.taxtmi.com/caselaws?id=249341 The Tribunal upheld the CIT(A)'s decision, deeming the reassessment under Section 148 invalid for the assessment year 2004-05. The Tribunal found that the approval for reopening was obtained from the Commissioner of Income Tax instead of the required Joint Commissioner, rendering it invalid. Additionally, the reassessment was deemed impermissible as it was based on a mere change of opinion and an audit objection. The Tribunal referenced relevant case law and dismissed the Revenue's appeal, affirming the invalidity of the reassessment. en-us Fri, 13 Jun 2014 00:00:00 +0530 Fri, 11 Jul 2014 08:13:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249341 The Tribunal upheld the CIT(A)'s decision, deeming the reassessment under Section 148 invalid for the assessment year 2004-05. The Tribunal found that the approval for reopening was obtained from the Commissioner of Income Tax instead of the required Joint Commissioner, rendering it invalid. Additionally, the reassessment was deemed impermissible as it was based on a mere change of opinion and an audit objection. The Tribunal referenced relevant case law and dismissed the Revenue's appeal, affirming the invalidity of the reassessment. Case-Laws Income Tax Fri, 13 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249341