https://www.taxtmi.com/caselaws?id=401247 The Tribunal held that the re-opening of assessment under section 147 of the Income Tax Act was invalid as it was based on a mere change of opinion and violated the provisions of the Act. The Tribunal found that the Assessing Officer did not adequately address the objections raised by the assessee and that the original assessment order had already considered and disposed of the issues in question. Consequently, the assessment orders were deemed invalid, and the appeals were allowed, resulting in the quashing of the impugned assessment orders for both assessment years 1999-2000 and 2000-01. en-us Mon, 09 Nov 2020 00:00:00 +0530 Wed, 02 Dec 2020 18:03:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401247 The Tribunal held that the re-opening of assessment under section 147 of the Income Tax Act was invalid as it was based on a mere change of opinion and violated the provisions of the Act. The Tribunal found that the Assessing Officer did not adequately address the objections raised by the assessee and that the original assessment order had already considered and disposed of the issues in question. Consequently, the assessment orders were deemed invalid, and the appeals were allowed, resulting in the quashing of the impugned assessment orders for both assessment years 1999-2000 and 2000-01. Case-Laws Income Tax Mon, 09 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401247