https://www.taxtmi.com/caselaws?id=333757 The court set aside the notice for reopening assessment for the assessment year 2009-10, ruling in favor of the petitioner. The court held that the Assessing Officer's attempt to reopen the assessment based on previously examined cash deposits amounted to a change of opinion, which was impermissible. The court emphasized that there was no failure on the petitioner's part to disclose material facts during the original assessment, as the bank statements and transactions were already before the Assessing Officer. Consequently, the court allowed the petition and disposed of the matter in favor of the petitioner. en-us Tue, 18 Oct 2016 00:00:00 +0530 Sat, 22 Oct 2016 21:12:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333757 The court set aside the notice for reopening assessment for the assessment year 2009-10, ruling in favor of the petitioner. The court held that the Assessing Officer's attempt to reopen the assessment based on previously examined cash deposits amounted to a change of opinion, which was impermissible. The court emphasized that there was no failure on the petitioner's part to disclose material facts during the original assessment, as the bank statements and transactions were already before the Assessing Officer. Consequently, the court allowed the petition and disposed of the matter in favor of the petitioner. Case-Laws Income Tax Tue, 18 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333757