https://www.taxtmi.com/caselaws?id=329864 Reassessment could not be initiated on the same interest expenditure claim where the original scrutiny assessment had already examined unsecured loans, interest payments, ledgers and tax deduction details, and the AO had accepted the return without any addition. Because the books and supporting material were verified in the first assessment, reopening on the identical issue amounted to a mere change of opinion and an impermissible second review of an already considered claim. The reassessment notice was therefore quashed. en-us Tue, 05 Jul 2016 00:00:00 +0530 Fri, 03 Feb 2017 16:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329864 Reassessment could not be initiated on the same interest expenditure claim where the original scrutiny assessment had already examined unsecured loans, interest payments, ledgers and tax deduction details, and the AO had accepted the return without any addition. Because the books and supporting material were verified in the first assessment, reopening on the identical issue amounted to a mere change of opinion and an impermissible second review of an already considered claim. The reassessment notice was therefore quashed. Case-Laws Income Tax Tue, 05 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329864