https://www.taxtmi.com/caselaws?id=256803 The High Court upheld the Tribunal's decision, dismissing the Revenue's appeal to reopen the assessment for the year 2001-02. The Court ruled that the reopening lacked substantive reasons beyond a mere change of opinion, emphasizing that prior consideration of the deduction during the original assessment indicated an existing opinion. The judgment reiterated the requirement for valid grounds to reopen assessments, highlighting that a change of opinion alone is insufficient. en-us Thu, 18 Apr 2013 00:00:00 +0530 Sat, 21 Feb 2015 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256803 The High Court upheld the Tribunal's decision, dismissing the Revenue's appeal to reopen the assessment for the year 2001-02. The Court ruled that the reopening lacked substantive reasons beyond a mere change of opinion, emphasizing that prior consideration of the deduction during the original assessment indicated an existing opinion. The judgment reiterated the requirement for valid grounds to reopen assessments, highlighting that a change of opinion alone is insufficient. Case-Laws Income Tax Thu, 18 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256803