https://www.taxtmi.com/caselaws?id=250844 Reassessment within four years is permissible where the Assessing Officer relies on fresh tangible material giving rise to a reason to believe that income has escaped assessment, and not on a mere change of opinion. On the facts, an earlier assessment year showing a higher rental value for the same property constituted relevant new material, so reopening on house property income was valid. A prior appellate order for a different assessment year did not bar reopening on maintenance charges, because merger applies only to the year actually before the appellate authority and res judicata does not govern income-tax proceedings. The reopening on both recorded reasons was upheld. en-us Fri, 08 Aug 2014 00:00:00 +0530 Wed, 27 Aug 2014 08:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250844 Reassessment within four years is permissible where the Assessing Officer relies on fresh tangible material giving rise to a reason to believe that income has escaped assessment, and not on a mere change of opinion. On the facts, an earlier assessment year showing a higher rental value for the same property constituted relevant new material, so reopening on house property income was valid. A prior appellate order for a different assessment year did not bar reopening on maintenance charges, because merger applies only to the year actually before the appellate authority and res judicata does not govern income-tax proceedings. The reopening on both recorded reasons was upheld. Case-Laws Income Tax Fri, 08 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250844