https://www.taxtmi.com/caselaws?id=207300 The court held that the reopening of the assessment under Section 147 of the Income Tax Act was invalid as it lacked new tangible material and was based on a change of opinion. The impugned notice and reassessment order were quashed, declaring the reassessment order null and void. The court allowed the writ petition without issuing any orders as to costs, clarifying that the Assessing Officer could still reopen the assessment with fresh reasons in compliance with the law. en-us Wed, 09 Mar 2011 00:00:00 +0530 Thu, 08 Dec 2011 10:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207300 The court held that the reopening of the assessment under Section 147 of the Income Tax Act was invalid as it lacked new tangible material and was based on a change of opinion. The impugned notice and reassessment order were quashed, declaring the reassessment order null and void. The court allowed the writ petition without issuing any orders as to costs, clarifying that the Assessing Officer could still reopen the assessment with fresh reasons in compliance with the law. Case-Laws Income Tax Wed, 09 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207300