https://www.taxtmi.com/caselaws?id=206812 The Court held that the reopening of the assessment was invalid as it was based on a change of opinion without tangible material justifying it. The notice issued under Section 148 of the Income Tax Act, 1961 was set aside, ruling in favor of the Petitioner. The Court found that the necessary conditions for reopening the assessment were not met, and no costs were awarded. en-us Fri, 23 Sep 2011 00:00:00 +0530 Wed, 13 Jun 2012 16:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206812 The Court held that the reopening of the assessment was invalid as it was based on a change of opinion without tangible material justifying it. The notice issued under Section 148 of the Income Tax Act, 1961 was set aside, ruling in favor of the Petitioner. The Court found that the necessary conditions for reopening the assessment were not met, and no costs were awarded. Case-Laws Income Tax Fri, 23 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206812