https://www.taxtmi.com/caselaws?id=383625 The Tribunal allowed the appeal of the assessee, quashing the reassessment proceedings u/s.147 of the Act. The Member held that the reassessment was a change of opinion without fresh information, citing settled law prohibiting proceedings based on a change of opinion. As a result, the other grounds taken by the assessee on merits became irrelevant. The reassessment was deemed unjustified, and the appeal was allowed on legal grounds, with the order issued on 24/07/2019. en-us Wed, 24 Jul 2019 00:00:00 +0530 Fri, 26 Jul 2019 15:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383625 The Tribunal allowed the appeal of the assessee, quashing the reassessment proceedings u/s.147 of the Act. The Member held that the reassessment was a change of opinion without fresh information, citing settled law prohibiting proceedings based on a change of opinion. As a result, the other grounds taken by the assessee on merits became irrelevant. The reassessment was deemed unjustified, and the appeal was allowed on legal grounds, with the order issued on 24/07/2019. Case-Laws Income Tax Wed, 24 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383625