https://www.taxtmi.com/caselaws?id=294502 The ITAT ruled in favor of the appellant in a case concerning the reopening of assessment under section 147 of the Income Tax Act, 1961 for the assessment year 2005-06. The appellant successfully argued against the applicability of the proviso to section 147, alleged lack of tangible material for reopening assessment, change of opinion in reopening assessment, and discrepancy in the assessment of total income. The ITAT found in favor of the appellant, deleting the disputed addition to income, citing the absence of adverse observations by the assessing officer on the appellant's submitted documents. en-us Mon, 04 Feb 2019 00:00:00 +0530 Sun, 18 Apr 2021 20:51:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294502 The ITAT ruled in favor of the appellant in a case concerning the reopening of assessment under section 147 of the Income Tax Act, 1961 for the assessment year 2005-06. The appellant successfully argued against the applicability of the proviso to section 147, alleged lack of tangible material for reopening assessment, change of opinion in reopening assessment, and discrepancy in the assessment of total income. The ITAT found in favor of the appellant, deleting the disputed addition to income, citing the absence of adverse observations by the assessing officer on the appellant's submitted documents. Case-Laws Income Tax Mon, 04 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294502