https://www.taxtmi.com/caselaws?id=363864 The court held that the Assessing Officer (AO) lacked the authority to reopen an assessment based on a subsequent Supreme Court decision, deeming it a mere change of opinion without tangible material indicating income escape. Consequently, the reassessment proceedings were annulled, leaving other issues, including the inclusion of service charges in business profits and applicability of certain tax provisions, unresolved. The court dismissed the Revenue's appeals without costs. en-us Wed, 04 Jul 2018 00:00:00 +0530 Thu, 19 Jul 2018 06:09:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363864 The court held that the Assessing Officer (AO) lacked the authority to reopen an assessment based on a subsequent Supreme Court decision, deeming it a mere change of opinion without tangible material indicating income escape. Consequently, the reassessment proceedings were annulled, leaving other issues, including the inclusion of service charges in business profits and applicability of certain tax provisions, unresolved. The court dismissed the Revenue's appeals without costs. Case-Laws Income Tax Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363864