https://www.taxtmi.com/caselaws?id=276156 Reopening excess profits tax assessments under section 15 required definite information coming into the officer's possession that disclosed escaped profits; a mere change of opinion, or an appellate view based on the same material already before the assessing officer, was insufficient. The note also states that section 10A could be invoked only in valid reassessment proceedings, so if the section 15 reopening lacked jurisdiction, any order under section 10A could not stand. The operative principle is that reassessment must rest on new objective information, and ancillary powers cannot be used unless the reassessment itself is lawfully initiated. en-us Fri, 22 May 1964 00:00:00 +0530 Wed, 31 Oct 2018 18:29:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276156 Reopening excess profits tax assessments under section 15 required definite information coming into the officer's possession that disclosed escaped profits; a mere change of opinion, or an appellate view based on the same material already before the assessing officer, was insufficient. The note also states that section 10A could be invoked only in valid reassessment proceedings, so if the section 15 reopening lacked jurisdiction, any order under section 10A could not stand. The operative principle is that reassessment must rest on new objective information, and ancillary powers cannot be used unless the reassessment itself is lawfully initiated. Case-Laws Income Tax Fri, 22 May 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276156