https://www.taxtmi.com/caselaws?id=182521 Reassessment was unsustainable because the Assessing Officer acted only on an audit objection and made no independent determination on the material before him. An audit party's opinion on a point of law does not amount to information for reopening an assessment under section 147(b) of the Income-tax Act, 1961. As the reopening rested entirely on that audit view, the appellate order setting aside the reassessment was upheld and the challenge failed. en-us Tue, 17 Feb 2009 00:00:00 +0530 Thu, 12 May 2016 15:38:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182521 Reassessment was unsustainable because the Assessing Officer acted only on an audit objection and made no independent determination on the material before him. An audit party's opinion on a point of law does not amount to information for reopening an assessment under section 147(b) of the Income-tax Act, 1961. As the reopening rested entirely on that audit view, the appellate order setting aside the reassessment was upheld and the challenge failed. Case-Laws Income Tax Tue, 17 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182521