https://www.taxtmi.com/caselaws?id=353408 The Appellate Tribunal dismissed the Revenue's appeal against the ITAT's decision to quash the notice under section 148 of the Income Tax Act. The Tribunal held that the second reopening of assessment was a change of opinion and impermissible in law. It found that the Revenue failed to establish that income had escaped assessment due to the assessee's actions. The Tribunal's decision was based on a thorough factual analysis, concluding that no legal questions arose for consideration in the appeal. The Tax Case Appeal was ultimately dismissed, with no costs awarded. en-us Fri, 08 Dec 2017 00:00:00 +0530 Tue, 02 Jan 2018 13:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353408 The Appellate Tribunal dismissed the Revenue's appeal against the ITAT's decision to quash the notice under section 148 of the Income Tax Act. The Tribunal held that the second reopening of assessment was a change of opinion and impermissible in law. It found that the Revenue failed to establish that income had escaped assessment due to the assessee's actions. The Tribunal's decision was based on a thorough factual analysis, concluding that no legal questions arose for consideration in the appeal. The Tax Case Appeal was ultimately dismissed, with no costs awarded. Case-Laws Income Tax Fri, 08 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353408