Dismissing the appeal of the revenue the Court held that the tribunal has rightly held that reassessment is based on change of opinion hence bad in law . No substantial question of law arises . (AY. 2009-10)
PCIT v. K.R. Jayaram (2020) 192 DTR 281 / 316 CTR 560 (Mad) (HC)
S. 147 : Reassessment – Real estate business- Improvement cost –Change of opinion – Reassessment is hedl to be bad in law [ S.148 ]