https://www.taxtmi.com/caselaws?id=246040 The High Court of Gujarat quashed the notice for reopening the assessment for AY 2008-09 issued by the Assessing Officer regarding the accumulation of the trust's income under section 11(2) of the Income Tax Act, 1961. The court emphasized that as the AO had already examined the issue during the original assessment and accepted the deduction claim without disallowance, the notice for reopening was considered a mere change of opinion, not supported by additional material. The court relied on previous judgments to support its decision and allowed the petition, disposing of the case accordingly. en-us Tue, 18 Mar 2014 00:00:00 +0530 Tue, 10 Feb 2015 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246040 The High Court of Gujarat quashed the notice for reopening the assessment for AY 2008-09 issued by the Assessing Officer regarding the accumulation of the trust's income under section 11(2) of the Income Tax Act, 1961. The court emphasized that as the AO had already examined the issue during the original assessment and accepted the deduction claim without disallowance, the notice for reopening was considered a mere change of opinion, not supported by additional material. The court relied on previous judgments to support its decision and allowed the petition, disposing of the case accordingly. Case-Laws Income Tax Tue, 18 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246040