https://www.taxtmi.com/caselaws?id=269981 The Tribunal ruled in favor of the assessee, holding that the reassessment by the AO, based on the same facts as the original assessment and without new material, constituted a mere change of opinion. The reassessment was deemed unwarranted and invalid, leading to the allowance of the appeal. The Tribunal emphasized the necessity of tangible evidence for valid reassessments and the adherence to established legal principles in such matters. en-us Thu, 10 Dec 2015 00:00:00 +0530 Fri, 25 Dec 2015 12:31:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269981 The Tribunal ruled in favor of the assessee, holding that the reassessment by the AO, based on the same facts as the original assessment and without new material, constituted a mere change of opinion. The reassessment was deemed unwarranted and invalid, leading to the allowance of the appeal. The Tribunal emphasized the necessity of tangible evidence for valid reassessments and the adherence to established legal principles in such matters. Case-Laws Income Tax Thu, 10 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269981