https://www.taxtmi.com/caselaws?id=426330 The Tribunal concluded that the reassessment proceedings were invalid and quashed the second reopening of the assessment. The appeal filed by the Revenue was dismissed, and the order of the CIT(A) was upheld. The Tribunal emphasized that the AO's action was a mere change of opinion, which is not permissible under the law, and the reassessment proceedings initiated beyond four years were not justified. en-us Fri, 29 Jul 2022 00:00:00 +0530 Sat, 13 Aug 2022 08:06:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426330 The Tribunal concluded that the reassessment proceedings were invalid and quashed the second reopening of the assessment. The appeal filed by the Revenue was dismissed, and the order of the CIT(A) was upheld. The Tribunal emphasized that the AO's action was a mere change of opinion, which is not permissible under the law, and the reassessment proceedings initiated beyond four years were not justified. Case-Laws Income Tax Fri, 29 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426330