https://www.taxtmi.com/caselaws?id=337736 The appeal challenging the Income Tax Appellate Tribunal's order for Assessment Year 2005-06 was dismissed. The Court found the reopening notice lacked jurisdiction as it was based on a supposed change of opinion, which was not the case. The Assessing Officer had already considered the compensation issue during the original assessment proceedings, and the Tribunal ruled in favor of the respondent. The Court emphasized that the absence of explicit discussion in the assessment order did not imply non-consideration, leading to the dismissal of the appeal. en-us Fri, 06 Jan 2017 00:00:00 +0530 Mon, 29 May 2017 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337736 The appeal challenging the Income Tax Appellate Tribunal's order for Assessment Year 2005-06 was dismissed. The Court found the reopening notice lacked jurisdiction as it was based on a supposed change of opinion, which was not the case. The Assessing Officer had already considered the compensation issue during the original assessment proceedings, and the Tribunal ruled in favor of the respondent. The Court emphasized that the absence of explicit discussion in the assessment order did not imply non-consideration, leading to the dismissal of the appeal. Case-Laws Income Tax Fri, 06 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337736