https://www.taxtmi.com/caselaws?id=177581 The Tribunal held that the reopening of the assessment under Section 147/148 was invalid as it constituted a mere change of opinion without new material. Consequently, the reassessment proceedings were quashed, and the appeal by the assessee was allowed for statistical purposes. The issue of disallowance under Section 40(a)(i) was not addressed due to the invalidity of the reassessment. en-us Fri, 21 Nov 2014 00:00:00 +0530 Wed, 13 Jan 2016 10:08:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177581 The Tribunal held that the reopening of the assessment under Section 147/148 was invalid as it constituted a mere change of opinion without new material. Consequently, the reassessment proceedings were quashed, and the appeal by the assessee was allowed for statistical purposes. The issue of disallowance under Section 40(a)(i) was not addressed due to the invalidity of the reassessment. Case-Laws Income Tax Fri, 21 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177581