https://www.taxtmi.com/caselaws?id=60404 Reassessment under section 147(b) was held invalid where the reopening rested only on a reconsideration of the same material used in the original assessments. The Tribunal found that no fresh facts or new information had emerged after the original allowance of extra shift allowance on electrical machinery, so the action was based on a mere change of opinion. Applying the later Supreme Court view, it held that such reconsideration does not constitute "information" sufficient to justify reassessment under section 147(b). The assessee therefore succeeded on the reopening issue. en-us Tue, 15 Mar 1983 00:00:00 +0530 Wed, 05 Jan 2011 11:44:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60404 Reassessment under section 147(b) was held invalid where the reopening rested only on a reconsideration of the same material used in the original assessments. The Tribunal found that no fresh facts or new information had emerged after the original allowance of extra shift allowance on electrical machinery, so the action was based on a mere change of opinion. Applying the later Supreme Court view, it held that such reconsideration does not constitute "information" sufficient to justify reassessment under section 147(b). The assessee therefore succeeded on the reopening issue. Case-Laws Income Tax Tue, 15 Mar 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60404