https://www.taxtmi.com/caselaws?id=253659 The Tribunal held that the reopening of assessments under Section 147 for the relevant years was invalid as there was no failure to disclose material facts and the reasons for reopening were based on the same facts as the original assessments, amounting to a mere change of opinion. Consequently, the assessment orders were quashed for all relevant years, including those related to the disallowance of interest on the suspense account. en-us Wed, 26 Nov 2014 00:00:00 +0530 Mon, 01 Dec 2014 06:33:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253659 The Tribunal held that the reopening of assessments under Section 147 for the relevant years was invalid as there was no failure to disclose material facts and the reasons for reopening were based on the same facts as the original assessments, amounting to a mere change of opinion. Consequently, the assessment orders were quashed for all relevant years, including those related to the disallowance of interest on the suspense account. Case-Laws Income Tax Wed, 26 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253659