https://www.taxtmi.com/caselaws?id=245809 The court quashed the notice for reopening the assessment, as it was based on a change of opinion, which is impermissible. The Assessing Officer had already considered and accepted the income as capital gain during the original assessment. The court concluded that the reasons for reopening the assessment were not justified, and the petition was allowed, leading to the quashing of the notice. en-us Tue, 11 Mar 2014 00:00:00 +0530 Fri, 06 Jun 2014 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245809 The court quashed the notice for reopening the assessment, as it was based on a change of opinion, which is impermissible. The Assessing Officer had already considered and accepted the income as capital gain during the original assessment. The court concluded that the reasons for reopening the assessment were not justified, and the petition was allowed, leading to the quashing of the notice. Case-Laws Income Tax Tue, 11 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245809