https://www.taxtmi.com/caselaws?id=258583 The tribunal found the initiation of reassessment proceedings under Section 147 of the Income Tax Act invalid due to being a mere change of opinion without meeting the proviso's requirements. Consequently, the reassessment order was canceled, and the appeal by the assessee was allowed. The tribunal did not address other issues on merits due to the conclusion on the validity of the reassessment proceedings. en-us Fri, 21 Nov 2014 00:00:00 +0530 Mon, 13 Apr 2015 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258583 The tribunal found the initiation of reassessment proceedings under Section 147 of the Income Tax Act invalid due to being a mere change of opinion without meeting the proviso's requirements. Consequently, the reassessment order was canceled, and the appeal by the assessee was allowed. The tribunal did not address other issues on merits due to the conclusion on the validity of the reassessment proceedings. Case-Laws Income Tax Fri, 21 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258583