https://www.taxtmi.com/caselaws?id=206995 The Court upheld the validity of the notice for reassessment under section 147/148 of the Income-tax Act for the assessment year 2005-06. It ruled that the reassessment was not a mere change of opinion but fell within the provisions allowing for reassessment of under-assessed income. The Court emphasized the Assessing Officer's jurisdiction to issue such notices and directed ongoing assessment proceedings without a final order pending further review, considering the technical nature of services provided. en-us Wed, 29 Dec 2010 00:00:00 +0530 Thu, 24 Nov 2011 08:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206995 The Court upheld the validity of the notice for reassessment under section 147/148 of the Income-tax Act for the assessment year 2005-06. It ruled that the reassessment was not a mere change of opinion but fell within the provisions allowing for reassessment of under-assessed income. The Court emphasized the Assessing Officer's jurisdiction to issue such notices and directed ongoing assessment proceedings without a final order pending further review, considering the technical nature of services provided. Case-Laws Income Tax Wed, 29 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206995