No Reassessment u/s 147 of IT Act can be made based on a change of opinion: ITAT [Read Order]

Reassessment - IT Act - ITAT - No Reassessment - taxscan

The Mumbai bench of Income Tax Appellate Tribunal (ITAT) held that the Re-assessment under Section 147 of the Income Tax Act, 1961 cannot be made based on a change of opinion by the assessing officer. Ravi Gopal Trivedy, the appellant assessee submitted that the Commissioner of Income-tax National Faceless Appeal Centre (NFAC) passed an order…

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