https://www.taxtmi.com/caselaws?id=215627 The court held that the notice issued under Section 148 of the Income Tax Act to reopen the assessment lacked jurisdiction as it relied on audit objections without new material, indicating a lack of independent application of mind by the Assessing Officer. The court also found the order rejecting objections to the reopening to be non-speaking and a mere change of opinion, not supported by tangible material indicating income escapement. Consequently, the court quashed the notice and order, ruling in favor of the Petitioner with no costs imposed. en-us Fri, 20 Jul 2012 00:00:00 +0530 Tue, 07 Aug 2012 11:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215627 The court held that the notice issued under Section 148 of the Income Tax Act to reopen the assessment lacked jurisdiction as it relied on audit objections without new material, indicating a lack of independent application of mind by the Assessing Officer. The court also found the order rejecting objections to the reopening to be non-speaking and a mere change of opinion, not supported by tangible material indicating income escapement. Consequently, the court quashed the notice and order, ruling in favor of the Petitioner with no costs imposed. Case-Laws Income Tax Fri, 20 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215627