https://www.taxtmi.com/caselaws?id=357884 The court allowed the appeal, setting aside the reassessment order under Section 143(3) of the Income Tax Act, 1961. It held that the reassessment lacked jurisdiction as it was initiated based on a mere change of opinion without new material, contravening Section 147 requirements. The court did not address the nature of the expenditure issue due to the invalidity of the reassessment on the grounds of lacking jurisdiction. en-us Fri, 09 Feb 2018 00:00:00 +0530 Mon, 27 Aug 2018 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357884 The court allowed the appeal, setting aside the reassessment order under Section 143(3) of the Income Tax Act, 1961. It held that the reassessment lacked jurisdiction as it was initiated based on a mere change of opinion without new material, contravening Section 147 requirements. The court did not address the nature of the expenditure issue due to the invalidity of the reassessment on the grounds of lacking jurisdiction. Case-Laws Income Tax Fri, 09 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357884