https://www.taxtmi.com/caselaws?id=181884 The HC of Delhi dismissed the revenue's appeal concerning the re-opening of assessment under sections 147/148 of the Income-tax Act, 1961, for the assessment year 1995-96. The Court found that the Assessing Officer's action was unjustified, as it constituted a mere change of opinion without independent examination of the audit materials. The Court emphasized the necessity for an independent application of mind, which was absent in this case, leading to the dismissal of the appeal with no substantial question of law arising. en-us Wed, 30 Jan 2008 00:00:00 +0530 Mon, 25 Dec 2023 15:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181884 The HC of Delhi dismissed the revenue's appeal concerning the re-opening of assessment under sections 147/148 of the Income-tax Act, 1961, for the assessment year 1995-96. The Court found that the Assessing Officer's action was unjustified, as it constituted a mere change of opinion without independent examination of the audit materials. The Court emphasized the necessity for an independent application of mind, which was absent in this case, leading to the dismissal of the appeal with no substantial question of law arising. Case-Laws Income Tax Wed, 30 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181884