https://www.taxtmi.com/caselaws?id=433378 The Tribunal quashed the reassessment order, holding that the reopening was based on a mere change of opinion without fresh tangible material. The appeal filed by the assessee was allowed, and the original assessment order was restored. The Tribunal emphasized the importance of fresh material for reopening assessments and upheld the principle that reassessment cannot be used as a tool for reviewing previously accepted positions. en-us Tue, 24 Jan 2023 00:00:00 +0530 Sat, 28 Jan 2023 08:26:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433378 The Tribunal quashed the reassessment order, holding that the reopening was based on a mere change of opinion without fresh tangible material. The appeal filed by the assessee was allowed, and the original assessment order was restored. The Tribunal emphasized the importance of fresh material for reopening assessments and upheld the principle that reassessment cannot be used as a tool for reviewing previously accepted positions. Case-Laws Income Tax Tue, 24 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433378