https://www.taxtmi.com/caselaws?id=330833 The court quashed and set aside the notice under section 148 of the Income Tax Act, ruling that the reassessment was not justified. The court held that reopening the assessment after more than four years without any non-disclosure of material facts or new evidence was impermissible. Referring to precedents, the court emphasized that reassessment based on a mere change of opinion is not allowed. The court found the reasons for reopening lacked a valid link to the assessing officer's belief, deeming the notice without jurisdiction and ordering its annulment. en-us Tue, 19 Jul 2016 00:00:00 +0530 Sat, 06 Aug 2016 13:50:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330833 The court quashed and set aside the notice under section 148 of the Income Tax Act, ruling that the reassessment was not justified. The court held that reopening the assessment after more than four years without any non-disclosure of material facts or new evidence was impermissible. Referring to precedents, the court emphasized that reassessment based on a mere change of opinion is not allowed. The court found the reasons for reopening lacked a valid link to the assessing officer's belief, deeming the notice without jurisdiction and ordering its annulment. Case-Laws Income Tax Tue, 19 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330833