https://www.taxtmi.com/caselaws?id=470091 Reassessment under Section 147 requires a bona fide reason to believe that income escaped assessment, based on tangible material or reliable information with a live link to that belief. Where recorded reasons merely re-verify and reappreciate records already examined during the completed scrutiny assessment, without new information or triggering material, reopening constitutes an impermissible change of opinion. The note states that such reopening is invalid and the resulting reassessment is quashed. en-us Mon, 17 Mar 2025 00:00:00 +0530 Wed, 15 Jul 2026 18:59:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470091 Reassessment under Section 147 requires a bona fide reason to believe that income escaped assessment, based on tangible material or reliable information with a live link to that belief. Where recorded reasons merely re-verify and reappreciate records already examined during the completed scrutiny assessment, without new information or triggering material, reopening constitutes an impermissible change of opinion. The note states that such reopening is invalid and the resulting reassessment is quashed. Case-Laws Income Tax Mon, 17 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470091