https://www.taxtmi.com/caselaws?id=326128 The Tribunal found the reopening of the assessment under Section 147 of the Income Tax Act invalid as it lacked new tangible material and constituted a mere change of opinion. Consequently, the reassessment order was quashed on jurisdictional grounds. The Tribunal did not address the merits of the disallowances made in the reassessment order due to the invalidity of the reopening. The appeal by the assessee was allowed, and the order was pronounced on 5.2.2016. en-us Fri, 05 Feb 2016 00:00:00 +0530 Thu, 07 Apr 2016 10:19:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326128 The Tribunal found the reopening of the assessment under Section 147 of the Income Tax Act invalid as it lacked new tangible material and constituted a mere change of opinion. Consequently, the reassessment order was quashed on jurisdictional grounds. The Tribunal did not address the merits of the disallowances made in the reassessment order due to the invalidity of the reopening. The appeal by the assessee was allowed, and the order was pronounced on 5.2.2016. Case-Laws Income Tax Fri, 05 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326128