https://www.taxtmi.com/caselaws?id=256820 The court held that the reassessment notice issued under Section 148 of the Income-tax Act, 1961, was invalid as it was based on a mere change of opinion without new tangible material. The original assessment had thoroughly scrutinized the issue in question, and no additions were made. The court emphasized that reassessment cannot be used to review the original assessment and set aside the notice with all consequential orders. en-us Mon, 22 Apr 2013 00:00:00 +0530 Mon, 23 Feb 2015 04:59:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256820 The court held that the reassessment notice issued under Section 148 of the Income-tax Act, 1961, was invalid as it was based on a mere change of opinion without new tangible material. The original assessment had thoroughly scrutinized the issue in question, and no additions were made. The court emphasized that reassessment cannot be used to review the original assessment and set aside the notice with all consequential orders. Case-Laws Income Tax Mon, 22 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256820