https://www.taxtmi.com/caselaws?id=287841 The Tribunal allowed the appeal filed by the Revenue and the cross-objection filed by the assessee. The reassessment for the assessment year 2006-2007 was deemed valid as it was not a mere change of opinion, emphasizing adherence to statutory timelines for issuing notices under section 148 and the necessity of forming a conscious opinion on specific issues during the assessment process. The Commissioner of Income-tax (Appeals) was directed to further examine the merits of the disallowances/additions challenged by the assessee. en-us Mon, 15 Jan 2018 00:00:00 +0530 Wed, 06 May 2020 06:01:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287841 The Tribunal allowed the appeal filed by the Revenue and the cross-objection filed by the assessee. The reassessment for the assessment year 2006-2007 was deemed valid as it was not a mere change of opinion, emphasizing adherence to statutory timelines for issuing notices under section 148 and the necessity of forming a conscious opinion on specific issues during the assessment process. The Commissioner of Income-tax (Appeals) was directed to further examine the merits of the disallowances/additions challenged by the assessee. Case-Laws Income Tax Mon, 15 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287841