https://www.taxtmi.com/caselaws?id=168596 The court held that the reassessment was based on a change of opinion without new tangible material, and the original assessment order had merged with the Commissioner (Appeals) order. The assumption of jurisdiction under Section 147 of the Income Tax Act was deemed invalid. The notice issued under Section 148 for reopening the assessment was quashed, and the petition was allowed with no costs awarded. en-us Tue, 08 Mar 2011 00:00:00 +0530 Wed, 19 Apr 2023 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168596 The court held that the reassessment was based on a change of opinion without new tangible material, and the original assessment order had merged with the Commissioner (Appeals) order. The assumption of jurisdiction under Section 147 of the Income Tax Act was deemed invalid. The notice issued under Section 148 for reopening the assessment was quashed, and the petition was allowed with no costs awarded. Case-Laws Income Tax Tue, 08 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168596