https://www.taxtmi.com/caselaws?id=375430 The Tribunal upheld the CIT(A)'s decision to quash the reassessment order under Section 147 and delete additions made by the AO, emphasizing no failure by the assessee to disclose material facts. The Tribunal found the reassessment lacked new tangible evidence and was based on a mere change of opinion. The revenue's appeal was dismissed, and the cross-objection by the assessee was rejected due to an unconvincing reason for delay. The order was pronounced on 02.01.2019. en-us Wed, 02 Jan 2019 00:00:00 +0530 Tue, 19 Feb 2019 07:36:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375430 The Tribunal upheld the CIT(A)'s decision to quash the reassessment order under Section 147 and delete additions made by the AO, emphasizing no failure by the assessee to disclose material facts. The Tribunal found the reassessment lacked new tangible evidence and was based on a mere change of opinion. The revenue's appeal was dismissed, and the cross-objection by the assessee was rejected due to an unconvincing reason for delay. The order was pronounced on 02.01.2019. Case-Laws Income Tax Wed, 02 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375430