https://www.taxtmi.com/caselaws?id=371864 The Tribunal dismissed the Revenue's appeals, affirming the Commissioner of Income Tax (Appeals)'s annulment of re-assessment orders for A.Y. 2006-07 and A.Y. 2007-08. It was held that the re-assessments were invalid due to exceeding the permissible period without failure to disclose material facts, lack of prior sanction under section 151, and being a mere change of opinion without new material. The Tribunal stressed adherence to statutory provisions and procedural requirements in re-assessment, including demonstrating failure to disclose facts and avoiding re-opening assessments based solely on a change of opinion. en-us Fri, 07 Dec 2018 00:00:00 +0530 Tue, 11 Dec 2018 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371864 The Tribunal dismissed the Revenue's appeals, affirming the Commissioner of Income Tax (Appeals)'s annulment of re-assessment orders for A.Y. 2006-07 and A.Y. 2007-08. It was held that the re-assessments were invalid due to exceeding the permissible period without failure to disclose material facts, lack of prior sanction under section 151, and being a mere change of opinion without new material. The Tribunal stressed adherence to statutory provisions and procedural requirements in re-assessment, including demonstrating failure to disclose facts and avoiding re-opening assessments based solely on a change of opinion. Case-Laws Income Tax Fri, 07 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371864