Reassessment invalid if Grounds for reassessment being already examined by AO during original assessment

PCIT Vs JP Infrastructure (P) Ltd. (Gujarat High Court) During the original assessment, both the questions raised by AO in reassessment notice, were already examined by AO through a specific queries raised in this respect. Therefore, reassessment being based on mere change of opinion was invalid. FULL TEXT OF THE HIGH COURT ORDER / JUDGMENT The Revenue is in appeal against the judgment of the Income Tax Appellate Tribunal dated 18-11-2016 raising following question of our consideration :– “Whether the Appellate Tribunal has erred in law and on facts in quashing the reopening of a...