https://www.taxtmi.com/caselaws?id=348948 Reassessment on issues already examined in the original scrutiny assessment is impermissible when it rests only on a change of opinion, even if the assessment order does not expressly discuss the point. The document also states that disputed interest on a loan transaction, where the entitlement to interest was unsettled and referred to arbitration, did not by itself justify a belief that income had escaped assessment. On both grounds, the reopening could not be sustained, and the assessee prevailed. en-us Mon, 25 Sep 2017 00:00:00 +0530 Wed, 04 Oct 2017 09:46:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348948 Reassessment on issues already examined in the original scrutiny assessment is impermissible when it rests only on a change of opinion, even if the assessment order does not expressly discuss the point. The document also states that disputed interest on a loan transaction, where the entitlement to interest was unsettled and referred to arbitration, did not by itself justify a belief that income had escaped assessment. On both grounds, the reopening could not be sustained, and the assessee prevailed. Case-Laws Income Tax Mon, 25 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348948