https://www.taxtmi.com/caselaws?id=402881 The Tribunal allowed the appeal, quashing the reopening of the assessment under Section 147 and confirming the appellant's entitlement to the exemption claimed under Section 54F. The issue of interest under Section 234B was rendered academic due to the decision on the jurisdictional issue. The judgment emphasized that a mere change of opinion does not justify reopening an assessment and upheld the importance of full and true disclosure of primary facts by the assessee. en-us Mon, 11 Jan 2021 00:00:00 +0530 Wed, 03 Mar 2021 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402881 The Tribunal allowed the appeal, quashing the reopening of the assessment under Section 147 and confirming the appellant's entitlement to the exemption claimed under Section 54F. The issue of interest under Section 234B was rendered academic due to the decision on the jurisdictional issue. The judgment emphasized that a mere change of opinion does not justify reopening an assessment and upheld the importance of full and true disclosure of primary facts by the assessee. Case-Laws Income Tax Mon, 11 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402881