https://www.taxtmi.com/caselaws?id=290189 The ITAT ruled in favor of the assessee, concluding that the reopening of the assessment under Section 147 of the I.T. Act was legally flawed. The reassessment order was canceled as it constituted a change of opinion based on previously known facts. The appeal was allowed, rendering other grounds moot. en-us Thu, 05 Jan 2017 00:00:00 +0530 Thu, 14 Nov 2024 11:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290189 The ITAT ruled in favor of the assessee, concluding that the reopening of the assessment under Section 147 of the I.T. Act was legally flawed. The reassessment order was canceled as it constituted a change of opinion based on previously known facts. The appeal was allowed, rendering other grounds moot. Case-Laws Income Tax Thu, 05 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290189