https://www.taxtmi.com/caselaws?id=402192 The court upheld the Tribunal's decision that the reassessment proceedings were invalid due to the non-communication of reasons for reopening the assessment to the assessee. It was found that the reassessment was based on a change of opinion rather than new material, rendering it improper. The court dismissed the Revenue's appeal, emphasizing procedural fairness and the requirement to communicate reasons for reopening assessments to taxpayers. en-us Wed, 16 Dec 2020 00:00:00 +0530 Fri, 25 Dec 2020 17:28:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402192 The court upheld the Tribunal's decision that the reassessment proceedings were invalid due to the non-communication of reasons for reopening the assessment to the assessee. It was found that the reassessment was based on a change of opinion rather than new material, rendering it improper. The court dismissed the Revenue's appeal, emphasizing procedural fairness and the requirement to communicate reasons for reopening assessments to taxpayers. Case-Laws Income Tax Wed, 16 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402192