https://www.taxtmi.com/caselaws?id=260211 The High Court ruled in favor of the appellant, holding that the reassessment under section 147 of the Income-tax Act was not valid as it was based on a change of opinion rather than new information. The Court found that all primary facts were disclosed in the original return of income, leading to the decision to allow the appeal. The Tribunal's decision was overturned, and the ruling favored the appellant-assessee. en-us Tue, 16 Dec 2014 00:00:00 +0530 Fri, 05 Jun 2015 13:25:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260211 The High Court ruled in favor of the appellant, holding that the reassessment under section 147 of the Income-tax Act was not valid as it was based on a change of opinion rather than new information. The Court found that all primary facts were disclosed in the original return of income, leading to the decision to allow the appeal. The Tribunal's decision was overturned, and the ruling favored the appellant-assessee. Case-Laws Income Tax Tue, 16 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260211