https://www.taxtmi.com/caselaws?id=403862 The Tribunal upheld the decision to quash the reassessment order, ruling that the reopening based on a "change of opinion" without new tangible material was impermissible. The appeal by the revenue was dismissed, affirming the lack of jurisdiction for the Assessing Officer to reopen the assessment under Section 147 using the same facts considered in the original assessment. en-us Thu, 28 Jan 2021 00:00:00 +0530 Wed, 10 Feb 2021 09:32:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403862 The Tribunal upheld the decision to quash the reassessment order, ruling that the reopening based on a "change of opinion" without new tangible material was impermissible. The appeal by the revenue was dismissed, affirming the lack of jurisdiction for the Assessing Officer to reopen the assessment under Section 147 using the same facts considered in the original assessment. Case-Laws Income Tax Thu, 28 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403862