https://www.taxtmi.com/caselaws?id=328665 The Tribunal found in favor of the Assessee in a case challenging the validity of proceedings under Section 147 of the Income Tax Act, 1961. The notice issued under Section 148 was deemed a change of opinion without new material, rendering the proceedings invalid. Despite various challenges to disallowances and additions by the Assessing Officer, the primary focus of the judgment was on the procedural lapses and lack of new material supporting the reassessment, leading to the allowance of the Assessee's appeal and the dismissal of the Revenue's appeal. en-us Fri, 03 Jun 2016 00:00:00 +0530 Fri, 10 Jun 2016 17:33:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328665 The Tribunal found in favor of the Assessee in a case challenging the validity of proceedings under Section 147 of the Income Tax Act, 1961. The notice issued under Section 148 was deemed a change of opinion without new material, rendering the proceedings invalid. Despite various challenges to disallowances and additions by the Assessing Officer, the primary focus of the judgment was on the procedural lapses and lack of new material supporting the reassessment, leading to the allowance of the Assessee's appeal and the dismissal of the Revenue's appeal. Case-Laws Income Tax Fri, 03 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328665