https://www.taxtmi.com/caselaws?id=18778 The High Court upheld the Tribunal's decision, ruling that the reassessment was a mere change of opinion by the Income-tax Officer. The permission obtained from the Board was deemed improper due to incorrect facts presented. As no substantial question of law was found, the High Court rejected the reference application under section 256(2) of the Income-tax Act, emphasizing that the case centered on factual issues rather than legal matters. en-us Thu, 14 Dec 1995 00:00:00 +0530 Mon, 02 Nov 2009 10:20:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18778 The High Court upheld the Tribunal's decision, ruling that the reassessment was a mere change of opinion by the Income-tax Officer. The permission obtained from the Board was deemed improper due to incorrect facts presented. As no substantial question of law was found, the High Court rejected the reference application under section 256(2) of the Income-tax Act, emphasizing that the case centered on factual issues rather than legal matters. Case-Laws Income Tax Thu, 14 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18778