https://www.taxtmi.com/caselaws?id=254770 The Court held that the notice issued under Section 148 of the Income Tax Act, 1961 for reopening assessment beyond four years was invalid as there was no failure to disclose all material facts. The Court rejected the reasons for reopening, finding that the Petitioner had provided necessary details during the original assessment. The Court also ruled that the notice was based on a change of opinion, which is not a valid reason for reopening assessment. As a result, the Court set aside the notice and allowed the Petition, without delving into other issues raised by the Petitioner. en-us Tue, 16 Dec 2014 00:00:00 +0530 Wed, 31 Dec 2014 07:03:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254770 The Court held that the notice issued under Section 148 of the Income Tax Act, 1961 for reopening assessment beyond four years was invalid as there was no failure to disclose all material facts. The Court rejected the reasons for reopening, finding that the Petitioner had provided necessary details during the original assessment. The Court also ruled that the notice was based on a change of opinion, which is not a valid reason for reopening assessment. As a result, the Court set aside the notice and allowed the Petition, without delving into other issues raised by the Petitioner. Case-Laws Income Tax Tue, 16 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254770