https://www.taxtmi.com/caselaws?id=330157 The High Court ruled in favor of the petitioner in a case challenging Notices issued by the Assessing Officer under Section 148 of the Income Tax Act to reopen assessments for multiple years. The Court held that the Assessing Officer's decision to reopen assessments was a mere change of opinion without alleging any failure to disclose material facts, rendering the Notices jurisdictionally invalid under Section 147. Issuing the Notices to reconsider decisions already addressed in regular assessment proceedings and CIT(A) appeals was deemed impermissible. Consequently, the Court found the Notices to be without jurisdiction and ruled in favor of the petitioner. en-us Thu, 14 Jul 2016 00:00:00 +0530 Tue, 19 Jul 2016 13:03:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330157 The High Court ruled in favor of the petitioner in a case challenging Notices issued by the Assessing Officer under Section 148 of the Income Tax Act to reopen assessments for multiple years. The Court held that the Assessing Officer's decision to reopen assessments was a mere change of opinion without alleging any failure to disclose material facts, rendering the Notices jurisdictionally invalid under Section 147. Issuing the Notices to reconsider decisions already addressed in regular assessment proceedings and CIT(A) appeals was deemed impermissible. Consequently, the Court found the Notices to be without jurisdiction and ruled in favor of the petitioner. Case-Laws Income Tax Thu, 14 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330157