https://www.taxtmi.com/caselaws?id=36587 The court held that the reassessment made by the Income-tax Officer under section 147(b) of the Income-tax Act, 1961, for the assessment year 1967-68 was invalid as it was based on a mere change of opinion rather than new information. The reopening of the assessment was found not to be based on any new information but was deemed a change of opinion by the successor officer. The court concluded in favor of the assessee on both these issues and deemed it unnecessary to address the competence of the Income-tax Officer to reopen the assessment after the Appellate Assistant Commissioner had passed an order. en-us Mon, 25 Feb 1980 00:00:00 +0530 Tue, 23 Mar 2010 12:43:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36587 The court held that the reassessment made by the Income-tax Officer under section 147(b) of the Income-tax Act, 1961, for the assessment year 1967-68 was invalid as it was based on a mere change of opinion rather than new information. The reopening of the assessment was found not to be based on any new information but was deemed a change of opinion by the successor officer. The court concluded in favor of the assessee on both these issues and deemed it unnecessary to address the competence of the Income-tax Officer to reopen the assessment after the Appellate Assistant Commissioner had passed an order. Case-Laws Income Tax Mon, 25 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36587