https://www.taxtmi.com/caselaws?id=238579 The court dismissed the writ petition challenging the reopening of assessment under section 147 of the Income-tax Act, 1961. It held that the reasons provided for reopening were valid and not based on a "change of opinion." The court found compliance with statutory requirements and judicial precedents, concluding that the reassessment process was in accordance with the law. The court emphasized that the reasons provided were new and not previously considered, aligning with the requirement of having a "reason to believe" that income had escaped assessment. en-us Fri, 12 Apr 2013 00:00:00 +0530 Sat, 26 Oct 2013 08:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238579 The court dismissed the writ petition challenging the reopening of assessment under section 147 of the Income-tax Act, 1961. It held that the reasons provided for reopening were valid and not based on a "change of opinion." The court found compliance with statutory requirements and judicial precedents, concluding that the reassessment process was in accordance with the law. The court emphasized that the reasons provided were new and not previously considered, aligning with the requirement of having a "reason to believe" that income had escaped assessment. Case-Laws Income Tax Fri, 12 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238579