https://www.taxtmi.com/caselaws?id=270236 The Appellate Tribunal, ITAT Delhi, ruled in favor of the Assessee, quashing the reopening of the assessment under section 147 of the Income Tax Act due to a mere change of opinion without fresh material. The Tribunal did not address the grounds related to the addition of loan amounts as the invalidity of the reopening made further analysis unnecessary. en-us Mon, 28 Sep 2015 00:00:00 +0530 Fri, 01 Jan 2016 10:46:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270236 The Appellate Tribunal, ITAT Delhi, ruled in favor of the Assessee, quashing the reopening of the assessment under section 147 of the Income Tax Act due to a mere change of opinion without fresh material. The Tribunal did not address the grounds related to the addition of loan amounts as the invalidity of the reopening made further analysis unnecessary. Case-Laws Income Tax Mon, 28 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270236