INCOME TAX : Where Assessing Officer reopened assessment for reason that assessee had given to its senior employees incentives and these payments were nothing but share of profit given in form of incentives, as very issue of incentives was a subject matter of consideration by Assessing Officer during original assessment proceedings, reopening was merely on basis of change of opinion and, hence, not sustainableINCOME TAX : Where Assessing Officer reopened assessment for reason that assessee had given to its senior employees incentives and these payments were nothing but share of profit given in form of incentives, as very issue of incentives was a subject matter of consideration by Assessing Officer during original assessment proceedings, reopening was merely on basis of change of opinion and, hence, not sustainablewww.taxmann.com Latest Case LawsRead More
