https://www.taxtmi.com/caselaws?id=358692 The High Court of Madras dismissed the Tax Case Appeals filed by the Revenue regarding the reopening of assessments for the assessment years 1995-96 and 1996-97 under Section 148 of the Income Tax Act. The Court upheld the decision of the Tribunal, concluding that the Assessing Officer's actions were based on a change of opinion rather than new material. The Court found no error in the Tribunal's orders and ruled in favor of the Assessee, with no costs imposed. en-us Tue, 03 Apr 2018 00:00:00 +0530 Tue, 17 Apr 2018 06:24:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358692 The High Court of Madras dismissed the Tax Case Appeals filed by the Revenue regarding the reopening of assessments for the assessment years 1995-96 and 1996-97 under Section 148 of the Income Tax Act. The Court upheld the decision of the Tribunal, concluding that the Assessing Officer's actions were based on a change of opinion rather than new material. The Court found no error in the Tribunal's orders and ruled in favor of the Assessee, with no costs imposed. Case-Laws Income Tax Tue, 03 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358692