https://www.taxtmi.com/caselaws?id=247092 The court invalidated the notices issued under Section 148 for multiple assessment years due to lack of fresh material supporting the reassessment. It emphasized the importance of adhering to the limitation period and requiring tangible material for reassessment instead of a mere change of opinion. The court awarded costs to the petitioner and underscored the need for a valid basis for initiating reassessment proceedings. en-us Tue, 29 Apr 2014 00:00:00 +0530 Thu, 01 May 2014 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247092 The court invalidated the notices issued under Section 148 for multiple assessment years due to lack of fresh material supporting the reassessment. It emphasized the importance of adhering to the limitation period and requiring tangible material for reassessment instead of a mere change of opinion. The court awarded costs to the petitioner and underscored the need for a valid basis for initiating reassessment proceedings. Case-Laws Income Tax Tue, 29 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247092