Reassessment proceeding void if based on Change of Opinion Without New Evidence

Bharat Electronics Ltd. Vs ACIT (ITAT Bangalore)

In the world of taxation, assessments and reassessments play a crucial role in determining the tax liability of individuals and entities. However, there are certain principles and procedures that must be followed to ensure the fairness and legality of these processes. The case of Bharat Electronics Ltd. Vs ACIT, heard by the Income Tax Appellate Tribunal (ITAT) in Bangalore, sheds light on the issue of reassessment based on a mere change of opinion without the presence of new

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