https://www.taxtmi.com/caselaws?id=337648 The Court held that the notices issued under Section 148 of the Income Tax Act, 1961 to reopen assessments for the years 1989-90, 1990-91, and 1991-92 were invalid as they were based on a change of opinion rather than new material evidence. The Court quashed and set aside the notices, ruling in favor of the petitioner with no order as to costs. en-us Wed, 21 Dec 2016 00:00:00 +0530 Wed, 11 Jan 2017 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337648 The Court held that the notices issued under Section 148 of the Income Tax Act, 1961 to reopen assessments for the years 1989-90, 1990-91, and 1991-92 were invalid as they were based on a change of opinion rather than new material evidence. The Court quashed and set aside the notices, ruling in favor of the petitioner with no order as to costs. Case-Laws Income Tax Wed, 21 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337648