https://www.taxtmi.com/caselaws?id=759328 Reopening an assessment cannot be justified where the same facts and reasons were previously considered and rejected, because reassessment powers are confined to income that escaped the assessing officer's knowledge rather than a mere change of opinion; consequence: notices issued to reopen the assessment and related proceedings were quashed. The authority's prior decision to drop revision proceedings after considering the assessee's reply demonstrated that the grounds for reassessment were identical to matters already on record, so subsequent approval by a senior official could not validate the reopening which amounted to a review and was set aside. en-us Thu, 26 Sep 2024 00:00:00 +0530 Mon, 09 Feb 2026 12:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759328 Reopening an assessment cannot be justified where the same facts and reasons were previously considered and rejected, because reassessment powers are confined to income that escaped the assessing officer's knowledge rather than a mere change of opinion; consequence: notices issued to reopen the assessment and related proceedings were quashed. The authority's prior decision to drop revision proceedings after considering the assessee's reply demonstrated that the grounds for reassessment were identical to matters already on record, so subsequent approval by a senior official could not validate the reopening which amounted to a review and was set aside. Case-Laws Income Tax Thu, 26 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759328