https://www.taxtmi.com/caselaws?id=13897 The High Court of Madras ruled in a case regarding the reopening of assessment for the assessment year 1977-78 that the Income-tax Officer's change in opinion on income computation did not justify reassessment under section 147(b) of the Income-tax Act. The Court emphasized that a mere change in the Officer's view is insufficient for reassessment and that assessments are final unless there are patent errors. The Court favored the assessee, upholding their objection against the reopening of assessment, rejecting the Revenue's argument based on a previous Supreme Court ruling. en-us Thu, 16 Nov 2000 00:00:00 +0530 Sat, 04 Jul 2009 17:30:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13897 The High Court of Madras ruled in a case regarding the reopening of assessment for the assessment year 1977-78 that the Income-tax Officer's change in opinion on income computation did not justify reassessment under section 147(b) of the Income-tax Act. The Court emphasized that a mere change in the Officer's view is insufficient for reassessment and that assessments are final unless there are patent errors. The Court favored the assessee, upholding their objection against the reopening of assessment, rejecting the Revenue's argument based on a previous Supreme Court ruling. Case-Laws Income Tax Thu, 16 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13897