https://www.taxtmi.com/caselaws?id=764221 Reassessment under section 147 could not be sustained where the original section 143(3) assessment was completed after full disclosure of primary facts, including accounts, audit report and deduction details, and the Assessing Officer had already applied his mind to those materials. With no new tangible material brought on record, reopening on the same facts amounted to a prohibited review of the earlier assessment and was vitiated by mere change of opinion. The reassessment was therefore quashed. en-us Fri, 03 Jan 2025 00:00:00 +0530 Mon, 06 Jan 2025 08:42:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764221 Reassessment under section 147 could not be sustained where the original section 143(3) assessment was completed after full disclosure of primary facts, including accounts, audit report and deduction details, and the Assessing Officer had already applied his mind to those materials. With no new tangible material brought on record, reopening on the same facts amounted to a prohibited review of the earlier assessment and was vitiated by mere change of opinion. The reassessment was therefore quashed. Case-Laws Income Tax Fri, 03 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764221