https://www.taxtmi.com/caselaws?id=263300 The High Court upheld the Tribunal's decision, ruling that the reopening of the assessment under Section 147 of the Income Tax Act was invalid as it constituted a mere change of opinion by the Assessing Officer. The court found that the AO had already examined the relevant issues during the original assessment, and there was no new material to justify the reassessment. Consequently, the appeals filed by the revenue were dismissed, and the Tribunal's order was affirmed. en-us Fri, 14 Aug 2015 00:00:00 +0530 Tue, 03 May 2016 11:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263300 The High Court upheld the Tribunal's decision, ruling that the reopening of the assessment under Section 147 of the Income Tax Act was invalid as it constituted a mere change of opinion by the Assessing Officer. The court found that the AO had already examined the relevant issues during the original assessment, and there was no new material to justify the reassessment. Consequently, the appeals filed by the revenue were dismissed, and the Tribunal's order was affirmed. Case-Laws Income Tax Fri, 14 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263300