https://www.taxtmi.com/caselaws?id=186570 The Hon'ble High Court upheld the invalidity of the reassessment proceedings initiated under section 147 of the Income Tax Act, 1961. The Tribunal deemed the successive reassessments on the same deduction issue as a change of opinion, disallowing the second reassessment except for the genuineness of purchases from Salbha Garments. The issues regarding the deduction under section 80 HHC were remanded to the AO for fresh consideration. The Tribunal directed the deletion of the addition related to purchases from Salbha Garments and provided for consequential relief. en-us Wed, 13 Apr 2011 00:00:00 +0530 Fri, 23 Sep 2016 11:10:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186570 The Hon'ble High Court upheld the invalidity of the reassessment proceedings initiated under section 147 of the Income Tax Act, 1961. The Tribunal deemed the successive reassessments on the same deduction issue as a change of opinion, disallowing the second reassessment except for the genuineness of purchases from Salbha Garments. The issues regarding the deduction under section 80 HHC were remanded to the AO for fresh consideration. The Tribunal directed the deletion of the addition related to purchases from Salbha Garments and provided for consequential relief. Case-Laws Income Tax Wed, 13 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186570