https://www.taxtmi.com/caselaws?id=14676 Reassessment under section 147(b) was treated as invalid because it rested only on a mere change of opinion, which was insufficient to sustain jurisdiction. The deduction issue on gross interest paid in foreign branches was answered in line with the earlier binding view on the same question, so the claim under section 35B was allowed in favour of the assessee. Both referred questions were answered against the Revenue, and the tax case was disposed of accordingly. en-us Tue, 29 Aug 2000 00:00:00 +0530 Sat, 18 Jul 2009 10:27:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14676 Reassessment under section 147(b) was treated as invalid because it rested only on a mere change of opinion, which was insufficient to sustain jurisdiction. The deduction issue on gross interest paid in foreign branches was answered in line with the earlier binding view on the same question, so the claim under section 35B was allowed in favour of the assessee. Both referred questions were answered against the Revenue, and the tax case was disposed of accordingly. Case-Laws Income Tax Tue, 29 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14676