https://www.taxtmi.com/caselaws?id=420148 The reassessment proceedings were deemed invalid by the Tribunal as they were found to be based on a change of opinion. Consequently, the reassessment order dated 25.03.2014 was set aside, and the appeal of the assessee was partly allowed. Other issues raised, such as the applicability of certain sections and the disallowance of carried forward speculation loss, were not specifically adjudicated as they became academic in nature due to the invalidation of the reassessment. en-us Mon, 21 Mar 2022 00:00:00 +0530 Mon, 28 Mar 2022 08:23:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420148 The reassessment proceedings were deemed invalid by the Tribunal as they were found to be based on a change of opinion. Consequently, the reassessment order dated 25.03.2014 was set aside, and the appeal of the assessee was partly allowed. Other issues raised, such as the applicability of certain sections and the disallowance of carried forward speculation loss, were not specifically adjudicated as they became academic in nature due to the invalidation of the reassessment. Case-Laws Income Tax Mon, 21 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420148