https://www.taxtmi.com/caselaws?id=264123 The tribunal found that the reassessment constituted a mere change of opinion without any fresh evidence, contrary to the scheme of the Income Tax Act. Referring to legal precedents, the tribunal concluded that the Assessing Officer cannot review the earlier AO's decision without new material. Consequently, the tribunal upheld the assessee's grievance, quashing the reassessment proceedings and allowing the appeal on 31st August 2015. en-us Mon, 31 Aug 2015 00:00:00 +0530 Fri, 18 Sep 2015 06:45:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264123 The tribunal found that the reassessment constituted a mere change of opinion without any fresh evidence, contrary to the scheme of the Income Tax Act. Referring to legal precedents, the tribunal concluded that the Assessing Officer cannot review the earlier AO's decision without new material. Consequently, the tribunal upheld the assessee's grievance, quashing the reassessment proceedings and allowing the appeal on 31st August 2015. Case-Laws Income Tax Mon, 31 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264123