https://www.taxtmi.com/caselaws?id=216708 The Supreme Court dismissed civil appeals concerning the reopening of assessments under Section 147/149(1A) of the Income Tax Act, 1961. Assessments cannot be reopened based on subsequent legal reversals if closed under the law as it stood at the relevant time. The appeals were dismissed due to the insignificant tax amount involved. en-us Tue, 11 Sep 2012 00:00:00 +0530 Mon, 22 May 2023 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216708 The Supreme Court dismissed civil appeals concerning the reopening of assessments under Section 147/149(1A) of the Income Tax Act, 1961. Assessments cannot be reopened based on subsequent legal reversals if closed under the law as it stood at the relevant time. The appeals were dismissed due to the insignificant tax amount involved. Case-Laws Income Tax Tue, 11 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216708