https://www.taxtmi.com/caselaws?id=283570 The Madhya Pradesh High Court ruled in favor of the assessee in a case involving the interpretation of section 147 of the Income-tax Act. The court held that reassessment cannot be solely based on a change of opinion by the Assessing Officer. Consequently, the reassessment under section 147 was deemed improper. The court did not address the issue of deductions under sections 80-HH and 80-I due to the favorable ruling on the reassessment issue. The appeal was dismissed, with the court ruling against the appellant (revenue) and in favor of the assessee. en-us Mon, 27 Feb 2006 00:00:00 +0530 Mon, 30 Sep 2019 16:19:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283570 The Madhya Pradesh High Court ruled in favor of the assessee in a case involving the interpretation of section 147 of the Income-tax Act. The court held that reassessment cannot be solely based on a change of opinion by the Assessing Officer. Consequently, the reassessment under section 147 was deemed improper. The court did not address the issue of deductions under sections 80-HH and 80-I due to the favorable ruling on the reassessment issue. The appeal was dismissed, with the court ruling against the appellant (revenue) and in favor of the assessee. Case-Laws Income Tax Mon, 27 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283570