https://www.taxtmi.com/caselaws?id=255626 The High Court held that the second reassessment notice under Section 147 of the Income Tax Act was invalid due to impermissible "change of opinion" by the assessing officer. The additions made in the second notice were deemed unjustified as they were part of the original record and should have been addressed in the initial assessment. The Court emphasized the importance of fresh tangible material for reassessment and upheld the decisions of the lower authorities, dismissing the appeal and affirming the validity of the original order. en-us Thu, 15 Jan 2015 00:00:00 +0530 Fri, 08 May 2015 15:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255626 The High Court held that the second reassessment notice under Section 147 of the Income Tax Act was invalid due to impermissible "change of opinion" by the assessing officer. The additions made in the second notice were deemed unjustified as they were part of the original record and should have been addressed in the initial assessment. The Court emphasized the importance of fresh tangible material for reassessment and upheld the decisions of the lower authorities, dismissing the appeal and affirming the validity of the original order. Case-Laws Income Tax Thu, 15 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255626