https://www.taxtmi.com/caselaws?id=290190 The Tribunal concluded that the reassessment order was invalid due to the absence of new material evidence justifying the reopening of the assessment under section 147 of the Act. The reassessment was deemed a mere change of opinion by the Assessing Officer without substantial new findings. Consequently, the Tribunal canceled the reassessment order and allowed the appeal filed by the assessee, rendering other grounds of appeal irrelevant. en-us Fri, 30 Jun 2017 00:00:00 +0530 Thu, 14 Nov 2024 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290190 The Tribunal concluded that the reassessment order was invalid due to the absence of new material evidence justifying the reopening of the assessment under section 147 of the Act. The reassessment was deemed a mere change of opinion by the Assessing Officer without substantial new findings. Consequently, the Tribunal canceled the reassessment order and allowed the appeal filed by the assessee, rendering other grounds of appeal irrelevant. Case-Laws Income Tax Fri, 30 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290190