https://www.taxtmi.com/caselaws?id=32746 HC held that reopening assessment u/s 148 was invalid because it relied solely on the same material already considered and finally decided in the original assessment u/s 143(3). The assessing officer, having considered the assessee's explanation and allowed the deductions for tools/dies/jigs as inventory, could not later form a contrary prima facie belief from the identical material; such reopening amounted to impermissible change of opinion. The notice dated 30/3/2007 and the order dated 15/9/2008 were quashed and set aside. en-us Wed, 25 Mar 2009 00:00:00 +0530 Thu, 04 Sep 2025 17:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32746 HC held that reopening assessment u/s 148 was invalid because it relied solely on the same material already considered and finally decided in the original assessment u/s 143(3). The assessing officer, having considered the assessee's explanation and allowed the deductions for tools/dies/jigs as inventory, could not later form a contrary prima facie belief from the identical material; such reopening amounted to impermissible change of opinion. The notice dated 30/3/2007 and the order dated 15/9/2008 were quashed and set aside. Case-Laws Income Tax Wed, 25 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32746