https://www.taxtmi.com/caselaws?id=187297 The High Court upheld the cancellation of assessment made by the Assessing Officer after reopening the case under section 147 of the Income-tax Act, 1961. The Court ruled in favor of the assessee, emphasizing that a mere change of opinion by the Assessing Officer is insufficient to invoke the provisions of section 147 read with section 148 of the Act. The Court relied on established legal principles and previous judgments to support its decision, highlighting the importance of valid grounds for reopening assessments and the need for proper application of mind in assessment orders. en-us Tue, 15 Feb 2005 00:00:00 +0530 Mon, 17 Oct 2016 17:14:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187297 The High Court upheld the cancellation of assessment made by the Assessing Officer after reopening the case under section 147 of the Income-tax Act, 1961. The Court ruled in favor of the assessee, emphasizing that a mere change of opinion by the Assessing Officer is insufficient to invoke the provisions of section 147 read with section 148 of the Act. The Court relied on established legal principles and previous judgments to support its decision, highlighting the importance of valid grounds for reopening assessments and the need for proper application of mind in assessment orders. Case-Laws Income Tax Tue, 15 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187297