No reassessment on basis of mere change of opinion by AO that computation of book profit was incorrect

No reassessment on basis of mere change of opinion by AO that computation of book profit was incorrect

December 03, 2018
IT: Where Assessing Officer initiated reassessment proceedings taking a view that computation of book profit in order of assessment was incorrect, since there was no new material on record to suggest that assessee was guilty of suppression, initiation of reassessment proceedings merely on basis of change of opinion was not justified

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