https://www.taxtmi.com/caselaws?id=175553 The court quashed the notices issued under section 148 of the Income-tax Act, 1961 for reopening assessment orders, as the same issue had already been thoroughly examined during regular assessment proceedings under section 143(3) of the Act. Emphasizing that assessments cannot be reopened merely due to a change of opinion, the court deemed the notices as an abuse of process and awarded costs to the petitioner. The judgment underscored the importance of upholding the finality of initial assessments and preventing harassment of taxpayers on issues already addressed during regular assessments. en-us Thu, 24 Sep 2009 00:00:00 +0530 Mon, 25 Sep 2023 22:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175553 The court quashed the notices issued under section 148 of the Income-tax Act, 1961 for reopening assessment orders, as the same issue had already been thoroughly examined during regular assessment proceedings under section 143(3) of the Act. Emphasizing that assessments cannot be reopened merely due to a change of opinion, the court deemed the notices as an abuse of process and awarded costs to the petitioner. The judgment underscored the importance of upholding the finality of initial assessments and preventing harassment of taxpayers on issues already addressed during regular assessments. Case-Laws Income Tax Thu, 24 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175553