https://www.taxtmi.com/caselaws?id=258133 The court set aside the notice issued under section 148 of the Income Tax Act and the order rejecting objections, ruling that the reassessment was impermissible due to being based on a change of opinion rather than new material facts. The court emphasized that the Assessing Officer lacked proper reasons for the reassessment, leading to the petitioner's success in the case without costs being awarded. en-us Wed, 25 Mar 2015 00:00:00 +0530 Tue, 11 Aug 2015 16:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258133 The court set aside the notice issued under section 148 of the Income Tax Act and the order rejecting objections, ruling that the reassessment was impermissible due to being based on a change of opinion rather than new material facts. The court emphasized that the Assessing Officer lacked proper reasons for the reassessment, leading to the petitioner's success in the case without costs being awarded. Case-Laws Income Tax Wed, 25 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258133