https://www.taxtmi.com/caselaws?id=399014 The High Court upheld the Tribunal's decision in the case, ruling that reassessment orders made under Section 143(3) read with Section 147 of the Income Tax Act were quashed. The Court emphasized that reassessment cannot be initiated based solely on a change of opinion without evidence of the Assessee failing to fully disclose relevant materials during the original assessment. As the Assessee had provided comprehensive details during the original assessment, the Court dismissed the Revenue's appeals, stating no substantial question of law arose. en-us Fri, 11 Sep 2020 00:00:00 +0530 Wed, 30 Sep 2020 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399014 The High Court upheld the Tribunal's decision in the case, ruling that reassessment orders made under Section 143(3) read with Section 147 of the Income Tax Act were quashed. The Court emphasized that reassessment cannot be initiated based solely on a change of opinion without evidence of the Assessee failing to fully disclose relevant materials during the original assessment. As the Assessee had provided comprehensive details during the original assessment, the Court dismissed the Revenue's appeals, stating no substantial question of law arose. Case-Laws Income Tax Fri, 11 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399014