https://www.taxtmi.com/caselaws?id=391202 Reopening of assessment is invalid where the original scrutiny assessment was completed after examination of the relevant material and the reassessment is based on the same facts. The text states that alleged bogus purchases and disallowance of carry forward losses and depreciation after amalgamation were used to reopen the case, but the assessee had already furnished the amalgamation order, loss details and financial records during the original proceedings. In the absence of any new tangible material, the reopening amounted to a mere change of opinion. The reassessment was therefore treated as unsustainable and quashed in favour of the assessee. en-us Fri, 10 Jan 2020 00:00:00 +0530 Wed, 22 Jan 2020 08:32:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391202 Reopening of assessment is invalid where the original scrutiny assessment was completed after examination of the relevant material and the reassessment is based on the same facts. The text states that alleged bogus purchases and disallowance of carry forward losses and depreciation after amalgamation were used to reopen the case, but the assessee had already furnished the amalgamation order, loss details and financial records during the original proceedings. In the absence of any new tangible material, the reopening amounted to a mere change of opinion. The reassessment was therefore treated as unsustainable and quashed in favour of the assessee. Case-Laws Income Tax Fri, 10 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391202