https://www.taxtmi.com/caselaws?id=769918 The AT quashed reassessment proceedings initiated beyond four years, finding them invalid. The court determined that the AO lacked jurisdiction to reopen the assessment based solely on audit objections without fresh material evidence. The reassessment was deemed a mere change of opinion, contravening legal principles established by SC precedents. The appeal was allowed, invalidating the tax department's attempt to reopen the assessment. en-us Wed, 19 Mar 2025 00:00:00 +0530 Fri, 02 May 2025 11:58:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769918 The AT quashed reassessment proceedings initiated beyond four years, finding them invalid. The court determined that the AO lacked jurisdiction to reopen the assessment based solely on audit objections without fresh material evidence. The reassessment was deemed a mere change of opinion, contravening legal principles established by SC precedents. The appeal was allowed, invalidating the tax department's attempt to reopen the assessment. Case-Laws Income Tax Wed, 19 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769918