https://www.taxtmi.com/caselaws?id=245197 The High Court set aside the notice issued under Section 148 of the Income Tax Act, 1961 for reopening the assessment for the assessment year 2006-07. The court ruled that the petitioner had fully disclosed all material facts necessary for assessment during the original proceedings, making the notice and rejection of objections invalid. The court found the reasons for reopening the assessment to be based on information already on record and reflected a mere change of opinion, ultimately ruling in favor of the petitioner with no order as to costs. en-us Tue, 25 Feb 2014 00:00:00 +0530 Sat, 22 Mar 2014 07:06:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245197 The High Court set aside the notice issued under Section 148 of the Income Tax Act, 1961 for reopening the assessment for the assessment year 2006-07. The court ruled that the petitioner had fully disclosed all material facts necessary for assessment during the original proceedings, making the notice and rejection of objections invalid. The court found the reasons for reopening the assessment to be based on information already on record and reflected a mere change of opinion, ultimately ruling in favor of the petitioner with no order as to costs. Case-Laws Income Tax Tue, 25 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245197