https://www.taxtmi.com/caselaws?id=408929 The High Court dismissed the Revenue's appeal, ruling the reassessment invalid due to being based on a mere change of opinion without new tangible material. Following the Supreme Court's decision in M/s. Kelvinator India Ltd. and its own precedent, the Court emphasized the necessity of tangible material for reassessment validity. The Court left questions of law (ii) to (v) open for future consideration. en-us Tue, 22 Jun 2021 00:00:00 +0530 Wed, 15 Sep 2021 15:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408929 The High Court dismissed the Revenue's appeal, ruling the reassessment invalid due to being based on a mere change of opinion without new tangible material. Following the Supreme Court's decision in M/s. Kelvinator India Ltd. and its own precedent, the Court emphasized the necessity of tangible material for reassessment validity. The Court left questions of law (ii) to (v) open for future consideration. Case-Laws Income Tax Tue, 22 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408929