https://www.taxtmi.com/caselaws?id=338296 The Court ruled in favor of the petitioner, quashing and setting aside the notices for reopening assessments for the Assessment Year 2011-12 under Section 148 of the Income Tax Act, 1961. The Court found that the reassessment was impermissible as it constituted a mere change of opinion by the Assessing Officer without any new material to support the reopening. The original assessment and the subsequent reassessment were based on the same information, leading the Court to conclude that the reassessment was unjustified. en-us Wed, 28 Dec 2016 00:00:00 +0530 Tue, 31 Jan 2017 06:42:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338296 The Court ruled in favor of the petitioner, quashing and setting aside the notices for reopening assessments for the Assessment Year 2011-12 under Section 148 of the Income Tax Act, 1961. The Court found that the reassessment was impermissible as it constituted a mere change of opinion by the Assessing Officer without any new material to support the reopening. The original assessment and the subsequent reassessment were based on the same information, leading the Court to conclude that the reassessment was unjustified. Case-Laws Income Tax Wed, 28 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338296