https://www.taxtmi.com/caselaws?id=329917 The court quashed the notice issued under Section 148 of the Income Tax Act, 1961, for reopening the assessment for the year 2010-11. It held that the reopening was based on a change of opinion, which is impermissible as the Assessing Officer had already examined the issue of share application money from M/s Glamour Sales Pvt. Ltd. during the original assessment without making any additions. The reasons for reopening were deemed invalid, and the court concluded that the assessment reopening lacked jurisdiction, ultimately allowing the petition. en-us Tue, 19 Apr 2016 00:00:00 +0530 Tue, 12 Jul 2016 12:07:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329917 The court quashed the notice issued under Section 148 of the Income Tax Act, 1961, for reopening the assessment for the year 2010-11. It held that the reopening was based on a change of opinion, which is impermissible as the Assessing Officer had already examined the issue of share application money from M/s Glamour Sales Pvt. Ltd. during the original assessment without making any additions. The reasons for reopening were deemed invalid, and the court concluded that the assessment reopening lacked jurisdiction, ultimately allowing the petition. Case-Laws Income Tax Tue, 19 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329917