https://www.taxtmi.com/caselaws?id=350118 The High Court upheld the ITAT's decision to cancel the reassessment for AY 2004-05, citing that the reasons for reopening were based on a mere change of opinion, not permissible under law. The ITAT's reliance on the precedent in Commissioner of Income Tax vs. Kelvinator of India Ltd. led to the reassessment being deemed ab initio void. Consequently, the High Court dismissed the appeal, finding no substantial question of law and affirming the correct application of legal principles and precedents. en-us Tue, 28 Feb 2017 00:00:00 +0530 Tue, 31 Oct 2017 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350118 The High Court upheld the ITAT's decision to cancel the reassessment for AY 2004-05, citing that the reasons for reopening were based on a mere change of opinion, not permissible under law. The ITAT's reliance on the precedent in Commissioner of Income Tax vs. Kelvinator of India Ltd. led to the reassessment being deemed ab initio void. Consequently, the High Court dismissed the appeal, finding no substantial question of law and affirming the correct application of legal principles and precedents. Case-Laws Income Tax Tue, 28 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350118