https://www.taxtmi.com/caselaws?id=14682 The High Court upheld the Tribunal's decision, ruling that the reassessment under section 147(b) of the Income-tax Act was based on a mere change of opinion by the Income-tax Officer. The court found that this was insufficient to invoke the provisions of section 147(b) and concluded that the cancellation of assessment and withdrawal of relief under section 84 were unjustified. Consequently, the court ruled in favor of the assessee, affirming the Tribunal's decision and disposing of the reference in favor of the assessee. en-us Mon, 11 Sep 2000 00:00:00 +0530 Sat, 18 Jul 2009 10:43:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14682 The High Court upheld the Tribunal's decision, ruling that the reassessment under section 147(b) of the Income-tax Act was based on a mere change of opinion by the Income-tax Officer. The court found that this was insufficient to invoke the provisions of section 147(b) and concluded that the cancellation of assessment and withdrawal of relief under section 84 were unjustified. Consequently, the court ruled in favor of the assessee, affirming the Tribunal's decision and disposing of the reference in favor of the assessee. Case-Laws Income Tax Mon, 11 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14682