https://www.taxtmi.com/caselaws?id=777188 ITAT held the reassessment invalid and allowed the appeal of the Assessee, finding the AO had no fresh tangible material beyond what was examined in the original assessment. The tribunal concluded the reopening under s.147/148 was premised on a mere change of opinion arising from reappraisal of the same material (difference in turnover between service tax return and return of income), and therefore the reassessment proceedings were bad in law. en-us Thu, 21 Aug 2025 00:00:00 +0530 Tue, 26 Aug 2025 08:41:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777188 ITAT held the reassessment invalid and allowed the appeal of the Assessee, finding the AO had no fresh tangible material beyond what was examined in the original assessment. The tribunal concluded the reopening under s.147/148 was premised on a mere change of opinion arising from reappraisal of the same material (difference in turnover between service tax return and return of income), and therefore the reassessment proceedings were bad in law. Case-Laws Income Tax Thu, 21 Aug 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777188