https://www.taxtmi.com/highlights?id=53455 Reopening of assessment u/s 147 - In the reasons for reopening, AO has not nowhere indicated that the business loss suffered by the assessee can be treated speculation loss and only in the revised assessment order, AO came to the conclusion that this loss can only be speculation loss. - the re-assessment order is only a change of opinion. en-us Thu, 21 May 2020 11:14:28 +0530 Thu, 21 May 2020 11:14:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=53455 Reopening of assessment u/s 147 - In the reasons for reopening, AO has not nowhere indicated that the business loss suffered by the assessee can be treated speculation loss and only in the revised assessment order, AO came to the conclusion that this loss can only be speculation loss. - the re-assessment order is only a change of opinion. Highlights Income Tax Thu, 21 May 2020 11:14:28 +0530 https://www.taxtmi.com/highlights?id=53455