https://www.taxtmi.com/caselaws?id=259746 HC quashed the reassessment notice issued under section 148, holding it to be a mere change of opinion on the assessee's already examined and accepted claim for deduction under section 10A. The Assessing Officer, in the recorded reasons, relied upon figures and details that were admittedly drawn from the original assessment record and information furnished by the assessee, including facts about multiple units and their profits/losses. Since all primary and material facts were fully and truly disclosed, reopening to reconsider adjustment of losses of one unit against profits of others constituted an impermissible review of an earlier view. The reassessment proceedings were therefore invalid and the assessee succeeded. en-us Wed, 06 May 2015 00:00:00 +0530 Tue, 09 Dec 2025 10:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259746 HC quashed the reassessment notice issued under section 148, holding it to be a mere change of opinion on the assessee's already examined and accepted claim for deduction under section 10A. The Assessing Officer, in the recorded reasons, relied upon figures and details that were admittedly drawn from the original assessment record and information furnished by the assessee, including facts about multiple units and their profits/losses. Since all primary and material facts were fully and truly disclosed, reopening to reconsider adjustment of losses of one unit against profits of others constituted an impermissible review of an earlier view. The reassessment proceedings were therefore invalid and the assessee succeeded. Case-Laws Income Tax Wed, 06 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259746