https://www.taxtmi.com/caselaws?id=251244 The court upheld the reopening notice under Section 148 of the Income Tax Act, 1961, regarding the claim for bad debts, finding the PetitionerBank failed to fully disclose material facts. However, the court set aside the reopening notice regarding the claim for depreciation on leased equipment, deeming it a mere change of opinion. The petition was partly allowed, with no costs ordered. en-us Mon, 25 Aug 2014 00:00:00 +0530 Mon, 08 Sep 2014 10:53:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251244 The court upheld the reopening notice under Section 148 of the Income Tax Act, 1961, regarding the claim for bad debts, finding the PetitionerBank failed to fully disclose material facts. However, the court set aside the reopening notice regarding the claim for depreciation on leased equipment, deeming it a mere change of opinion. The petition was partly allowed, with no costs ordered. Case-Laws Income Tax Mon, 25 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251244