https://www.taxtmi.com/caselaws?id=9188 A subsequent Tribunal decision on the legal character of the same type of transaction can constitute "information" for reopening if it brings external knowledge to the Income-tax Officer after the original assessment. Reassessment under section 34(1)(b) is not justified by a mere change of opinion on the same materials, but here the later rulings on pucca delivery orders altered the legal understanding of the transactions and supplied information bearing on escaped income. Because the matter involved a mixed question of law and fact, the later view could properly support reopening, and the reassessment was justified. en-us Wed, 23 May 1973 00:00:00 +0530 Sat, 20 Jun 2009 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9188 A subsequent Tribunal decision on the legal character of the same type of transaction can constitute "information" for reopening if it brings external knowledge to the Income-tax Officer after the original assessment. Reassessment under section 34(1)(b) is not justified by a mere change of opinion on the same materials, but here the later rulings on pucca delivery orders altered the legal understanding of the transactions and supplied information bearing on escaped income. Because the matter involved a mixed question of law and fact, the later view could properly support reopening, and the reassessment was justified. Case-Laws Income Tax Wed, 23 May 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9188