https://www.taxtmi.com/caselaws?id=61194 Reassessment under section 147(b) was invalid because it was based on a mere change of opinion on the same material already examined in the original assessment. The reopening relied on an internal audit party's view that the predecessor had erred in excluding the minors' income for the full year, but such an audit opinion on a point of law was not treated as information within the meaning of the provision. Without fresh information, reappraisal of existing material did not confer jurisdiction to reopen the assessment, and the reassessment was set aside in favour of the assessee. en-us Tue, 08 Jun 1982 00:00:00 +0530 Tue, 11 Jan 2011 12:39:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61194 Reassessment under section 147(b) was invalid because it was based on a mere change of opinion on the same material already examined in the original assessment. The reopening relied on an internal audit party's view that the predecessor had erred in excluding the minors' income for the full year, but such an audit opinion on a point of law was not treated as information within the meaning of the provision. Without fresh information, reappraisal of existing material did not confer jurisdiction to reopen the assessment, and the reassessment was set aside in favour of the assessee. Case-Laws Income Tax Tue, 08 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61194