Sec. 37(1) & 147 of the Income-tax Act, 1961 – Re-assessment - The Revenue is aggrieved by the order of the Tribunal rejecting its appeal. The assessee had questioned the reassessment proceedings under sections 147/148 of the Act, 1961 on the ground that the reasons to re-open the assessment proceedings for AY 2002-03 amounted to a second opinion or review of the previous view expressed. High Court while dismissing the Tax Appeal of the revenue upheld the finding of the Tribunal that ”since the scrutiny assessment had gone into the taxability of amounts in question, the AO could not have revisited the same issue on the pretext that a binding decision was overlooked“. SLP of the revenue dismissed. - PR. CIT V/s MOSER BAER INDIA LTD. - [2020] 270 TAXMAN 004 (SC)