https://www.taxtmi.com/caselaws?id=248540 The court found the notice issued under Section 148 of the Income Tax Act invalid, as it was based on a change of opinion without new tangible material. The petitioner had disclosed all necessary facts, and reassessment on grounds including doubtful accounts, double deduction, inadmissible expenses, and depreciation on fixed assets was deemed unsustainable. The petition was granted, and the notice was quashed. en-us Thu, 12 Jun 2014 00:00:00 +0530 Wed, 20 Aug 2014 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248540 The court found the notice issued under Section 148 of the Income Tax Act invalid, as it was based on a change of opinion without new tangible material. The petitioner had disclosed all necessary facts, and reassessment on grounds including doubtful accounts, double deduction, inadmissible expenses, and depreciation on fixed assets was deemed unsustainable. The petition was granted, and the notice was quashed. Case-Laws Income Tax Thu, 12 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248540