https://www.taxtmi.com/caselaws?id=267834 The Tribunal upheld the CIT (A)'s decision to quash the reassessment proceedings under Sections 147/148, ruling that the reopening was based on a mere change of opinion without new tangible material. The reassessment was deemed invalid as all relevant facts were disclosed during the original assessment, and no new information justified the reassessment. The revenue's appeal was dismissed. en-us Wed, 21 Oct 2015 00:00:00 +0530 Mon, 16 Nov 2015 01:24:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267834 The Tribunal upheld the CIT (A)'s decision to quash the reassessment proceedings under Sections 147/148, ruling that the reopening was based on a mere change of opinion without new tangible material. The reassessment was deemed invalid as all relevant facts were disclosed during the original assessment, and no new information justified the reassessment. The revenue's appeal was dismissed. Case-Laws Income Tax Wed, 21 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267834