https://www.taxtmi.com/caselaws?id=187947 The Tribunal invalidated the reopening of the assessment under sections 147/148 as it was deemed a change of opinion without new and tangible material. Consequently, the additions of Rs. 75,00,000/- as share capital and Rs. 25,39,180/- as unsecured loans were overturned. The appellant's appeal was successful, and the reassessment order was canceled. en-us Fri, 29 Jan 2016 00:00:00 +0530 Sat, 12 Nov 2016 12:17:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187947 The Tribunal invalidated the reopening of the assessment under sections 147/148 as it was deemed a change of opinion without new and tangible material. Consequently, the additions of Rs. 75,00,000/- as share capital and Rs. 25,39,180/- as unsecured loans were overturned. The appellant's appeal was successful, and the reassessment order was canceled. Case-Laws Income Tax Fri, 29 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187947