https://www.taxtmi.com/caselaws?id=419685 The Tribunal upheld the CIT(A)'s decision, ruling that the reopening of the assessment was invalid as it constituted a change of opinion. It was determined that all material facts were fully disclosed during the original assessment, and there was no new information to warrant the reopening. Consequently, the Revenue's appeal was dismissed, and the notice under section 148 and the subsequent reassessment were deemed legally flawed. The decision was rendered on 15th March 2022. en-us Tue, 15 Mar 2022 00:00:00 +0530 Thu, 17 Mar 2022 08:34:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419685 The Tribunal upheld the CIT(A)'s decision, ruling that the reopening of the assessment was invalid as it constituted a change of opinion. It was determined that all material facts were fully disclosed during the original assessment, and there was no new information to warrant the reopening. Consequently, the Revenue's appeal was dismissed, and the notice under section 148 and the subsequent reassessment were deemed legally flawed. The decision was rendered on 15th March 2022. Case-Laws Income Tax Tue, 15 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419685