https://www.taxtmi.com/caselaws?id=356834 The High Court affirmed the Tribunal's decision, ruling that the reopening of the assessment due to a change of opinion was invalid. The Court held that issues already addressed in the original assessment cannot serve as the basis for reopening. Citing precedent, the Court emphasized that reassessment cannot be solely triggered by a change of opinion. The appeal was dismissed, endorsing the Tribunal's application of legal principles and finding no substantial legal issue to consider. en-us Wed, 07 Mar 2018 00:00:00 +0530 Tue, 13 Mar 2018 07:30:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356834 The High Court affirmed the Tribunal's decision, ruling that the reopening of the assessment due to a change of opinion was invalid. The Court held that issues already addressed in the original assessment cannot serve as the basis for reopening. Citing precedent, the Court emphasized that reassessment cannot be solely triggered by a change of opinion. The appeal was dismissed, endorsing the Tribunal's application of legal principles and finding no substantial legal issue to consider. Case-Laws Income Tax Wed, 07 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356834