https://www.taxtmi.com/caselaws?id=336638 The Court quashed the re-assessment notice issued under Section 148 of the Income Tax Act, 1961 for AY 2008-09, ruling in favor of the petitioner. The Court held that the notice was based on a change of opinion without tangible material on income escapement due to non-disclosure, and there was no suppression of material facts by the assessee. Consequently, the Court allowed the writ petition, finding the re-assessment notice invalid and all related proceedings annulled. en-us Wed, 07 Dec 2016 00:00:00 +0530 Mon, 26 Dec 2016 14:18:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=336638 The Court quashed the re-assessment notice issued under Section 148 of the Income Tax Act, 1961 for AY 2008-09, ruling in favor of the petitioner. The Court held that the notice was based on a change of opinion without tangible material on income escapement due to non-disclosure, and there was no suppression of material facts by the assessee. Consequently, the Court allowed the writ petition, finding the re-assessment notice invalid and all related proceedings annulled. Case-Laws Income Tax Wed, 07 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=336638