1997 (7) TMI 114 - SCH - Income Tax

Summary

The Supreme Court dismissed the appeal in a case involving the reopening of an assessment, stating that there was material to support the Income-tax Officer's decision and it was not a mere change of opinion. The Court held that acceptance of the assessee's case in the original assessment did not prevent the Officer from reopening the assessment based on new findings in a subsequent year. No costs were awarded. (Case citation: 1997 (7) TMI 114 - SC)