https://www.taxtmi.com/caselaws?id=61193 The Appellate Tribunal ITAT Chandigarh dismissed the revenue's appeal and the assessee's appeal in a case involving reassessment for the assessment year 1977-78. The Tribunal held that the reassessment was not justified under sections 147(a) or 147(b) as the assessing officer had considered all material facts during the original assessment. The reassessment was deemed a change of opinion influenced by the revenue audit party, leading to its cancellation by the CIT (Appeals). Consequently, both appeals were dismissed, upholding the cancellation of the reassessment. en-us Mon, 14 Jun 1982 00:00:00 +0530 Tue, 11 Jan 2011 12:37:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61193 The Appellate Tribunal ITAT Chandigarh dismissed the revenue's appeal and the assessee's appeal in a case involving reassessment for the assessment year 1977-78. The Tribunal held that the reassessment was not justified under sections 147(a) or 147(b) as the assessing officer had considered all material facts during the original assessment. The reassessment was deemed a change of opinion influenced by the revenue audit party, leading to its cancellation by the CIT (Appeals). Consequently, both appeals were dismissed, upholding the cancellation of the reassessment. Case-Laws Income Tax Mon, 14 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61193