https://www.taxtmi.com/caselaws?id=340886 The Court upheld the ITAT's decision to delete the addition of Rs. 1 crore in the reassessment for AY 2003-04, emphasizing the lack of new information and proper inquiry by the AO. The Court agreed with the CIT(A) that the reopening without fresh facts amounted to a change of opinion, following principles from the Kelvinator case. The Court highlighted the importance of natural justice and scrutiny in assessment procedures, ultimately dismissing the appeal as no legal question arose. en-us Tue, 14 Mar 2017 00:00:00 +0530 Wed, 29 Mar 2017 07:09:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340886 The Court upheld the ITAT's decision to delete the addition of Rs. 1 crore in the reassessment for AY 2003-04, emphasizing the lack of new information and proper inquiry by the AO. The Court agreed with the CIT(A) that the reopening without fresh facts amounted to a change of opinion, following principles from the Kelvinator case. The Court highlighted the importance of natural justice and scrutiny in assessment procedures, ultimately dismissing the appeal as no legal question arose. Case-Laws Income Tax Tue, 14 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340886