https://www.taxtmi.com/caselaws?id=211071 The court ruled in favor of the petitioner, finding that the assessment order and revisional order did not meet the legal standards for reopening assessments under Sections 147 and 148 of the Income-tax Act. The court set aside the orders and allowed the writ petition without costs. The additions to the petitioner's income were deemed unjustified as they lacked concrete evidence and were based on presumptions rather than tangible material. The court emphasized that reassessment cannot be solely based on a change of opinion without substantial grounds. en-us Fri, 20 May 2011 00:00:00 +0530 Sat, 24 Mar 2012 13:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211071 The court ruled in favor of the petitioner, finding that the assessment order and revisional order did not meet the legal standards for reopening assessments under Sections 147 and 148 of the Income-tax Act. The court set aside the orders and allowed the writ petition without costs. The additions to the petitioner's income were deemed unjustified as they lacked concrete evidence and were based on presumptions rather than tangible material. The court emphasized that reassessment cannot be solely based on a change of opinion without substantial grounds. Case-Laws Income Tax Fri, 20 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211071