https://www.taxtmi.com/caselaws?id=333563 The Tribunal held that the reopening of assessment based on a change of opinion was unjustified. The addition of undisclosed investment in excess stock during reassessment was deemed unwarranted as the Assessing Officer had already considered the same information during the original assessment. The Tribunal ruled in favor of the assessee, setting aside the CIT(Appeals) order and quashing the assessment. en-us Fri, 26 Aug 2016 00:00:00 +0530 Tue, 18 Oct 2016 10:05:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333563 The Tribunal held that the reopening of assessment based on a change of opinion was unjustified. The addition of undisclosed investment in excess stock during reassessment was deemed unwarranted as the Assessing Officer had already considered the same information during the original assessment. The Tribunal ruled in favor of the assessee, setting aside the CIT(Appeals) order and quashing the assessment. Case-Laws Income Tax Fri, 26 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333563