https://www.taxtmi.com/caselaws?id=248076 The court upheld the validity of notices issued for reassessment for the assessment years 2006-2007 and 2008-2009 under Section 148 of the Income Tax Act, 1961. It found that the reasons for reopening assessments were recorded before the issuance of the notices, dismissing claims of a mere change of opinion by the Assessing Officer. The court deemed the information obtained during the assessment proceedings for the subsequent year as sufficient to justify reopening assessments for the earlier years, ultimately dismissing the petitions challenging the reassessment actions. en-us Thu, 08 May 2014 00:00:00 +0530 Sat, 31 May 2014 13:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248076 The court upheld the validity of notices issued for reassessment for the assessment years 2006-2007 and 2008-2009 under Section 148 of the Income Tax Act, 1961. It found that the reasons for reopening assessments were recorded before the issuance of the notices, dismissing claims of a mere change of opinion by the Assessing Officer. The court deemed the information obtained during the assessment proceedings for the subsequent year as sufficient to justify reopening assessments for the earlier years, ultimately dismissing the petitions challenging the reassessment actions. Case-Laws Income Tax Thu, 08 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248076