Reopening to rectify Mistake committed during Original Assessment not permissible

Jindal Photo Films Ltd. vs. DCIT (Delhi High Court) 1998 234 ITR 170-  Following the settled trend of judicial opinion and the law laid down by their Lordships of the Supreme Court time and again, different High Courts of the country have taken the view that if an expenditure or a deduction was wrongly allowed while computing the taxable income of the assessee, the same could not be brought to tax by reopening the assessment merely on account of subsequently the assessing officer forming an opinion that earlier he had erred in allowing the expenditure or the deduction. Delhi High Court Jindal...