https://www.taxtmi.com/caselaws?id=213156 The court held that the reopening of the assessment under Section 148 of the Income Tax Act was unjustified as it was solely based on a change of opinion without any new tangible material. The Assessing Officer had already accepted the petitioner's explanations during the original assessment, rendering the notice and subsequent order invalid. Consequently, the court allowed the Special Civil Application, setting aside the reassessment notice and order. en-us Wed, 11 Apr 2012 00:00:00 +0530 Thu, 10 May 2012 16:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213156 The court held that the reopening of the assessment under Section 148 of the Income Tax Act was unjustified as it was solely based on a change of opinion without any new tangible material. The Assessing Officer had already accepted the petitioner's explanations during the original assessment, rendering the notice and subsequent order invalid. Consequently, the court allowed the Special Civil Application, setting aside the reassessment notice and order. Case-Laws Income Tax Wed, 11 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213156