https://www.taxtmi.com/caselaws?id=235990 The court upheld the validity of the notice issued under section 148 of the Income-tax Act for reopening the assessment, finding sufficient grounds for the Assessing Officer to believe that income had escaped assessment. The court determined that the reopening was not a mere change of opinion as relevant details were not disclosed by the petitioner. Consequently, the court dismissed the petition, affirming the legality of the reassessment proceedings based on the excess claim of depreciation on the coal fire boiler building. en-us Mon, 31 Jan 2011 00:00:00 +0530 Sat, 10 Aug 2013 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235990 The court upheld the validity of the notice issued under section 148 of the Income-tax Act for reopening the assessment, finding sufficient grounds for the Assessing Officer to believe that income had escaped assessment. The court determined that the reopening was not a mere change of opinion as relevant details were not disclosed by the petitioner. Consequently, the court dismissed the petition, affirming the legality of the reassessment proceedings based on the excess claim of depreciation on the coal fire boiler building. Case-Laws Income Tax Mon, 31 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235990