https://www.taxtmi.com/caselaws?id=371833 The High Court of Madras upheld the Income Tax Appellate Tribunal's decision regarding the reassessment for the year 1998-99. The court found that the reassessment was not solely a change of opinion but was based on the Assessing Officer's disagreement with the treatment of certain expenses in the work in progress. The court ruled in favor of the assessee, emphasizing the importance of disclosing all material facts during assessments. The appeal was dismissed with no costs imposed. en-us Tue, 13 Nov 2018 00:00:00 +0530 Wed, 12 Dec 2018 13:33:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371833 The High Court of Madras upheld the Income Tax Appellate Tribunal's decision regarding the reassessment for the year 1998-99. The court found that the reassessment was not solely a change of opinion but was based on the Assessing Officer's disagreement with the treatment of certain expenses in the work in progress. The court ruled in favor of the assessee, emphasizing the importance of disclosing all material facts during assessments. The appeal was dismissed with no costs imposed. Case-Laws Income Tax Tue, 13 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371833