https://www.taxtmi.com/caselaws?id=345794 The Tribunal upheld the quashing of the reassessment order passed under section 147 by the ld. CIT (A), dismissing the revenue's appeal. The reassessment was deemed invalid as it was based on a mere change of opinion without new material facts justifying the action. The Tribunal found the reasons for reopening the assessment lacked validity and concurred with the ld. CIT (A)'s decision, citing legal precedents. en-us Thu, 09 Mar 2017 00:00:00 +0530 Thu, 27 Jul 2017 08:14:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345794 The Tribunal upheld the quashing of the reassessment order passed under section 147 by the ld. CIT (A), dismissing the revenue's appeal. The reassessment was deemed invalid as it was based on a mere change of opinion without new material facts justifying the action. The Tribunal found the reasons for reopening the assessment lacked validity and concurred with the ld. CIT (A)'s decision, citing legal precedents. Case-Laws Income Tax Thu, 09 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345794