https://www.taxtmi.com/caselaws?id=423951 The Tribunal allowed the appeal by the assessee, setting aside the reassessment proceedings initiated by the Assessing Officer under section 147 of the Income Tax Act. The Tribunal held that the reassessment was based on a mere change of opinion, which is impermissible under the law. Consequently, the additional grounds challenging the jurisdiction of the Assessing Officer were upheld in favor of the assessee. The primary focus of the judgment was on the jurisdictional issue, leading to the invalidation of the reassessment proceedings. en-us Tue, 14 Jun 2022 00:00:00 +0530 Sat, 18 Jun 2022 09:03:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423951 The Tribunal allowed the appeal by the assessee, setting aside the reassessment proceedings initiated by the Assessing Officer under section 147 of the Income Tax Act. The Tribunal held that the reassessment was based on a mere change of opinion, which is impermissible under the law. Consequently, the additional grounds challenging the jurisdiction of the Assessing Officer were upheld in favor of the assessee. The primary focus of the judgment was on the jurisdictional issue, leading to the invalidation of the reassessment proceedings. Case-Laws Income Tax Tue, 14 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423951