https://www.taxtmi.com/caselaws?id=271602 The High Court quashed the notice seeking to reopen assessment for the year 2010-2011 based on stock valuation in a jewelry business. The court held that changing the valuation method in the reopening notice amounted to impermissible opinion change, emphasizing the importance of consistency in assessment procedures. Ruling in favor of the petitioner, the court deemed the attempt to reopen assessment unjustified and disposed of the petition accordingly, providing relief against the reopening for the specified year. en-us Tue, 02 Feb 2016 00:00:00 +0530 Wed, 10 Feb 2016 08:15:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271602 The High Court quashed the notice seeking to reopen assessment for the year 2010-2011 based on stock valuation in a jewelry business. The court held that changing the valuation method in the reopening notice amounted to impermissible opinion change, emphasizing the importance of consistency in assessment procedures. Ruling in favor of the petitioner, the court deemed the attempt to reopen assessment unjustified and disposed of the petition accordingly, providing relief against the reopening for the specified year. Case-Laws Income Tax Tue, 02 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271602