https://www.taxtmi.com/caselaws?id=248472 The court quashed the notice issued under section 148 of the Income Tax Act, 1961, seeking to reopen the assessment for the assessment year 2009-10. The court held that the original assessment thoroughly examined the claim for exemption under section 54B of the Act, and the Assessing Officer had accepted the claim after due consideration. Reopening the assessment based on a new ground not previously considered would amount to a mere change of opinion, which was impermissible. The petition was allowed in favor of the petitioner, and the impugned notice was set aside. en-us Tue, 29 Apr 2014 00:00:00 +0530 Thu, 21 Aug 2014 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248472 The court quashed the notice issued under section 148 of the Income Tax Act, 1961, seeking to reopen the assessment for the assessment year 2009-10. The court held that the original assessment thoroughly examined the claim for exemption under section 54B of the Act, and the Assessing Officer had accepted the claim after due consideration. Reopening the assessment based on a new ground not previously considered would amount to a mere change of opinion, which was impermissible. The petition was allowed in favor of the petitioner, and the impugned notice was set aside. Case-Laws Income Tax Tue, 29 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248472