https://www.taxtmi.com/caselaws?id=361676 The Tribunal found in favor of the assessee, holding that the reassessment proceedings were initiated based on a mere change of opinion, which is impermissible. The Tribunal directed the CIT(A) to adjudicate the legal ground challenging the validity of the reassessment proceedings. The reassessment order dated 04.03.2013 was not entirely set aside, and the issue of the validity of the reassessment proceedings was restored for further examination by the CIT(A). The appeal filed by the assessee was allowed for statistical purposes. en-us Fri, 08 Jun 2018 00:00:00 +0530 Mon, 11 Jun 2018 22:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=361676 The Tribunal found in favor of the assessee, holding that the reassessment proceedings were initiated based on a mere change of opinion, which is impermissible. The Tribunal directed the CIT(A) to adjudicate the legal ground challenging the validity of the reassessment proceedings. The reassessment order dated 04.03.2013 was not entirely set aside, and the issue of the validity of the reassessment proceedings was restored for further examination by the CIT(A). The appeal filed by the assessee was allowed for statistical purposes. Case-Laws Income Tax Fri, 08 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=361676