Reassessment notice on account of change of opinion of AO quashed

Ananta Landmark Pvt. Ltd. Vs DCIT (Bombay High C0urt) Conclusion: Assessment was sought to be reopened not on account of failure of assessee to disclose truly and fully all material facts that were necessary for computation of income but on account of change of opinion of AO about the manner of computation of the deduction under Section 57, therefore, the same was invalid.   Held: In the instant case, assessee had truly and fully disclosed all material facts necessary for the purpose of assessment. Not only material facts were disclosed by assessee truly and fully but they were carefully...