https://www.taxtmi.com/caselaws?id=259348 The court held that the reassessment proceedings for A.Y. 2009-2010 initiated beyond the four-year period were impermissible as there was no failure on the part of the assessee to disclose all material facts necessary for assessment. The court found that the reassessment was based on a mere change of opinion, which is not valid. Consequently, the court quashed the notice under Section 148 and terminated the reassessment proceedings, ruling in favor of the petitioner with no order as to costs. en-us Tue, 07 Apr 2015 00:00:00 +0530 Tue, 03 May 2016 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259348 The court held that the reassessment proceedings for A.Y. 2009-2010 initiated beyond the four-year period were impermissible as there was no failure on the part of the assessee to disclose all material facts necessary for assessment. The court found that the reassessment was based on a mere change of opinion, which is not valid. Consequently, the court quashed the notice under Section 148 and terminated the reassessment proceedings, ruling in favor of the petitioner with no order as to costs. Case-Laws Income Tax Tue, 07 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259348