https://www.taxtmi.com/caselaws?id=221433 The court quashed the notices for reopening assessments for Assessment Years (A.Ys.) 2005-06, 2006-07, 2007-08, and 2008-09 under Section 148 of the Income Tax Act, 1961. The court found that the reopening lacked new tangible material and was based on a mere change of opinion without meeting the requirements of the proviso to Section 147. The original assessments had considered all relevant details and justifications for payments, and the directors were already taxed on the amounts as salary income. en-us Wed, 20 Feb 2013 00:00:00 +0530 Tue, 13 Oct 2015 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221433 The court quashed the notices for reopening assessments for Assessment Years (A.Ys.) 2005-06, 2006-07, 2007-08, and 2008-09 under Section 148 of the Income Tax Act, 1961. The court found that the reopening lacked new tangible material and was based on a mere change of opinion without meeting the requirements of the proviso to Section 147. The original assessments had considered all relevant details and justifications for payments, and the directors were already taxed on the amounts as salary income. Case-Laws Income Tax Wed, 20 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221433