https://www.taxtmi.com/caselaws?id=210988 The court quashed the notice issued under Section 148 of the Income Tax Act, finding it invalid due to being based on a mere change of opinion. The interest income from FDRs was deemed as business income, and the court held that the original assessment had considered all relevant factors. The petition was allowed, the notice was quashed, and no costs were awarded. en-us Fri, 15 Apr 2011 00:00:00 +0530 Sat, 29 Jun 2013 18:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210988 The court quashed the notice issued under Section 148 of the Income Tax Act, finding it invalid due to being based on a mere change of opinion. The interest income from FDRs was deemed as business income, and the court held that the original assessment had considered all relevant factors. The petition was allowed, the notice was quashed, and no costs were awarded. Case-Laws Income Tax Fri, 15 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210988