https://www.taxtmi.com/caselaws?id=255365 The court dismissed the petition challenging a notice under Section 148 of the Income Tax Act for reopening assessment for the assessment year 2007-2008. The court found that the notice was valid as it was not solely based on a change of opinion, but on the escapement of income chargeable to tax. The court rejected the petitioner's objections, stating that there was no evidence of a change of opinion during the original assessment and that the Assessing Officer had independently applied their mind. The petitioner was allowed to raise contentions during reassessment proceedings and before appellate authorities. en-us Mon, 10 Nov 2014 00:00:00 +0530 Thu, 15 Jan 2015 08:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255365 The court dismissed the petition challenging a notice under Section 148 of the Income Tax Act for reopening assessment for the assessment year 2007-2008. The court found that the notice was valid as it was not solely based on a change of opinion, but on the escapement of income chargeable to tax. The court rejected the petitioner's objections, stating that there was no evidence of a change of opinion during the original assessment and that the Assessing Officer had independently applied their mind. The petitioner was allowed to raise contentions during reassessment proceedings and before appellate authorities. Case-Laws Income Tax Mon, 10 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255365