https://www.taxtmi.com/caselaws?id=254847 The Tribunal ruled in favor of the assessee in a case involving the deletion of an addition to book profit and the legality of a notice issued for reassessment. The Tribunal held that the reassessment based on the same set of facts amounted to a change of opinion, which is not sustainable. Additionally, the reassessment was deemed void as there was no failure on the part of the assessee to disclose material facts. Consequently, the Tribunal quashed the reassessment, dismissed the Revenue's appeal, and allowed the assessee's cross objections. en-us Fri, 31 Jan 2014 00:00:00 +0530 Fri, 02 Jan 2015 08:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254847 The Tribunal ruled in favor of the assessee in a case involving the deletion of an addition to book profit and the legality of a notice issued for reassessment. The Tribunal held that the reassessment based on the same set of facts amounted to a change of opinion, which is not sustainable. Additionally, the reassessment was deemed void as there was no failure on the part of the assessee to disclose material facts. Consequently, the Tribunal quashed the reassessment, dismissed the Revenue's appeal, and allowed the assessee's cross objections. Case-Laws Income Tax Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254847