https://www.taxtmi.com/caselaws?id=800967 Reassessment is not based on a change of opinion where the original assessment did not specifically examine eligibility for agricultural-land reinvestment relief or determine total commission income, and there is reason to believe income escaped assessment. Deduction under section 54B may remain available where a binding agreement to sell created enforceable rights, consideration was received, and that consideration funded replacement agricultural land acquired before registered conveyance. Differential commission income cannot be added when tax-credit records and financial accounts establish the actual commission receipts, including evaporation loss, and the higher figure lacks evidentiary support. en-us Mon, 12 Oct 2026 00:00:00 +0530 Wed, 14 Oct 2026 06:17:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=800967 Reassessment is not based on a change of opinion where the original assessment did not specifically examine eligibility for agricultural-land reinvestment relief or determine total commission income, and there is reason to believe income escaped assessment. Deduction under section 54B may remain available where a binding agreement to sell created enforceable rights, consideration was received, and that consideration funded replacement agricultural land acquired before registered conveyance. Differential commission income cannot be added when tax-credit records and financial accounts establish the actual commission receipts, including evaporation loss, and the higher figure lacks evidentiary support. Case-Laws Income Tax Mon, 12 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=800967