https://www.taxtmi.com/caselaws?id=396771 The High Court dismissed the tax case appeal, affirming the Tribunal's decision that the reopening of the assessment was a change of opinion. The Court found that the respondent-assessee had fully disclosed the necessary details for completing the assessment under Sections 143(3) and 147 of the Income Tax Act. The reassessment beyond four years was deemed unjustified, and the expenses related to the construction of a building on leasehold land had been appropriately disclosed in the original assessment. Consequently, the appeal failed, and no costs were awarded. en-us Mon, 06 Jul 2020 00:00:00 +0530 Sat, 18 Jul 2020 12:10:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396771 The High Court dismissed the tax case appeal, affirming the Tribunal's decision that the reopening of the assessment was a change of opinion. The Court found that the respondent-assessee had fully disclosed the necessary details for completing the assessment under Sections 143(3) and 147 of the Income Tax Act. The reassessment beyond four years was deemed unjustified, and the expenses related to the construction of a building on leasehold land had been appropriately disclosed in the original assessment. Consequently, the appeal failed, and no costs were awarded. Case-Laws Income Tax Mon, 06 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396771